FARM COMMODITIES-TREND ANALYSIS-AUGUST 28/2017
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
TRENDS: PRICE; UP YEARLY OPEN INTEREST: DOWN MONTHLY PRICE RANGE: (325-405) YEARLY
TRADING: DOWN WEEKLY/MORE SO UNDER TREND AT 350 OPEN INTEREST DOWN DAILY OVER TREND
SOYBEANS (NOV/17): $0.70/BU, FREE WORLD STOCKS 16/17-78/MMT 17/18-79/MMT
TRENDS: PRICE: UP YEARLY OPEN INTEREST-DOWN/LESS MONTHLY PRICE RANGE: (844-1196) YEARLY
TRADING: REVERSAL DOWN OVER TREND TESTED 946 OPEN INTEREST DOWN FRIDAY UNDER TREND
TARGETS: (917-(931-946) 960) COMMITMENTS OF TRADERS: LAST REPORT-NET NEUTRAL
TRENDS: PRICE: UP/LESS YEARLY OPEN INTEREST-DOWN MONTHLY RANGE: (387-575) YEARLY
TRADING: DOWN DAILY/MORE SO OVER TREND AT 426 OPEN INTEREST FRIDAY DOWN OVER TREND
TARGETS: (417 (426-436)-446 456 466
DOLLAR CAD/USD: (SEP/17) 4.00 DAILY LIIMIT,
TRENDS: PRICE: UP MONTHLY OPEN INTEREST-DOWN MONTHLY PRICE RANGE: (6810-8047) YEARLY
TRADING: UP TODAY/LESS SO OVER TREND UNDER 8047 OPEN INTEREST FRIDAY UP UNDER TREND
TARGETS: (7925 7965 (8006-8047) 8088) COMMITMENTS OF TRADERS: LAST REPORT-NET DECREASE
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