FARM COMMODITIES-TREND ANALYSIS-AUGUST 11/2017-FRIDAY
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
TRENDS: PRICE; UP YEARLY OPEN INTEREST: DOWN DAILY PRICE RANGE: (325-405) YEARLY
TRADING: FLAT TODAY BUYING BELOW TREND SUPPORT/370 OPEN INTEREST FLAT ABOVE TREND
SOYS (NOV/17): $0.70/BU, FREE WORLD STOCKS 16/17-78/MMT 17/18-79/MMT
TRENDS: PRICE: DOWN YEARLY OPEN INTEREST-DOWN MONTHLY PRICE RANGE: (1196-910) YEARLY
TRADING: DOWN TODAY BUYING BELOW TREND RESISTANCE/946 OPEN INTEREST UP ABOVE TREND
TARGETS: (931 946 960 975 989) COMMITMENTS OF TRADERS: LAST REPORT-NET DECREASE
TRENDS: PRICE: MONTHLY UP OPEN INTEREST-DOWN MONTHLY RANGE: (390-910) YEARLY
TRADING: DOWN TODAY MIXED TEST OF TREND SUPPORT/436 OPEN INTEREST DOWN ABOVE TREND
TARGETS: (426 436 446 456 466 476
DOLLAR CAD/USD: (SEP/17) 4.00 DAILY LIIMIT,
TRENDS: PRICE: UP MONTHLY OPEN INTEREST-DOWN DAILY PRICE RANGE: (6810-8047) YEARLY
TRADING: FLAT TODAY NET BUYING ABOVE TREND RESISTANCE/7883 OPEN INTEREST BELOW TREND
TARGETS: (7800 7845 7883 7945 7965) COMMITMENTS OF TRADERS: LAST REPORT-NET INCREASE
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