Wednesday, July 05, 2017


FARM COMMODITIES-TREND ANALYSIS-JULY 5/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-LINE JOINS LOWER HIGHS, UP-LINE JOINS HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION OF PRICE RANGE,TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (SEP/17):
 $0.25/BU, FREE WORLD STOCKS ESTIMATED/FLAT-UP (325-396)              
TRENDS: PRICE-UP/MORE SO, OPEN INTEREST-DOWN (LAST-DOWNSIDE TREND)                 
TRADING: FLAT NET BUYING DECELERATED BELOW TREND RESISTANCE @397 VOLUME DOWN   

TARGETS: (379 387 397 405) COMMITMENTS OF TRADERS: NET POSITIONS-REDUCED

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS ESTIMATED/UP, (1196-910)
TRENDS: PRICE-DOWN/NOW GRADUAL OPEN INTEREST-DOWN (LAST-FLAT BELOW TREND)
TRADING: UP NET BUYING DECELERATED TESTED TREND-990 RESISTANCE VOLUME DOWN
TARGETS: (1014 1002 990 979) COMMITMENTS OF TRADERS: NET POSITIONS-INCREASED

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS ESTIMATED/UP, (390-575)         
TRENDS: PRICE-UP/STEEP, OPEN INTEREST-DOWN (LAST-UP BELOW TREND)           
TRADING: UP SELLING ACCELERATED ABOVE TREND MET RESISTANCE @ 575 
TARGETS: (535 555 575 595
), COMMITMENTS OF TRADERS: NET POSITIONS EVEN 

DOLLAR CAD/USD:
 (SEP/17)  4.00 DAILY LIIMIT,  RANGE: (7836-7261)

TRENDS: PRICE-UP/MODERATE OPEN INTEREST-DOWN (LAST-UP ABOVE TREND)     
TRADING: UP NET SELLING ACCELERATED TOPPY ABOVE TREND RESISTANCE @7753
TARGETS: (7598 7671 7753 7845)  COMMITMENTS OF TRADERS: NET POSITIONS REDUCED    


HEATING OIL ULSD: (AUG/17),  25 CENT DAILY LIMIT, (176-136)      
TRENDS: PRICE-DOWN/LESS GRADUAL, OPEN INTEREST-DOWN (LAST-DOWN ON TREND)
TRADING: FLAT SELLING ACCELERATED TESTED TREND-RESISTANCE CLOSED BELOW 149     

TARGETS: (163 156 149 143)  COMMITMENTS OF TRADERS: NET POSITIONS INCREASED
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