Thursday, August 10, 2017


FARM COMMODITIES-TREND ANALYSIS-AUGUST 10/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION OF PRICE RANGE,TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (DEC/17):
 $0.25/BU, FREE WORLD STOCKS 16/17-127/MMT 17/18-120/MMT (325-405)              
TRENDS: PRICE; UP YEARLY   OPEN INTEREST: DOWN DAILY               
TRADING: DOWN TODAY SELLING TESTED TREND SUPPORT/370  OPEN INTEREST DOWN ON TREND
  
TARGETS: (361 370 379 388 397 406) COMMITMENTS OF TRADERS: LAST REPORT-NET DECREASE

SOYS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS 16/17-78/MMT 17/18-79/MMT (1196-910)
TRENDS: PRICE: DOWN YEARLY  OPEN INTEREST-DOWN MONTHLY
TRADING: DOWN TODAY SELLING TESTED TREND SUPPORT/946  OPEN INTEREST DOWN UPSIDE TREND
TARGETS: (931 946 960 975 989) COMMITMENTS OF TRADERS: NET NEUTRAL

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS 16/17-147/MMT 17/18-137/MMT (390-575)         
TRENDS: PRICE: MONTHLY UP/REVISED UP LESS   OPEN INTEREST-DOWN MONTHLY             
TRADING: DOWN TODAY SELLING TEST OF TREND SUPPORT/436  OPEN INTEREST DOWN ABOVE TREND  
TARGETS: (426 436 446 456 466 476
), COMMITMENTS OF TRADERS: NET DECREASE  

DOLLAR CAD/USD:
 (SEP/17)  4.00 DAILY LIIMIT,  RANGE: (6810 8047)

TRENDS: PRICE: UP MONTHLY  OPEN INTEREST-UP MONTHLY/REVISED LOWER     
TRADING: DOWN NET SELLING ABOVE TREND SUPPORT/7845 OPEN INTEREST DOWN ABOVE TREND
TARGETS: (7753 7800 7845 7883 7945 7965 8006)  COMMITMENTS OF TRADERS: NET INCREASE    
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