Saturday, August 12, 2017


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
  
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
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

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS 16/17-147/MMT 17/18-137/MMT          
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
), COMMITMENTS OF TRADERS: LAST REPORT-NET DECREASE  

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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