Tuesday, August 29, 2017


FARM COMMODITIES-TREND ANALYSIS-AUGUST 29/2017
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/LESS WEEKLY UNDER TREND AT 346  OPEN INTEREST DOWN DAILY OVER TREND
  
TARGETS: (338 342 (346-350) 361 370) COMMITMENTS OF TRADERS: LAST REPORT-NET DECREASE

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: DOWN/LESS WEEKLY OVER TREND+931  OPEN INTEREST FLAT MONDAY UNDER TREND
TARGETS: (917-(931-946) 960) COMMITMENTS OF TRADERS: LAST REPORT-NET NEUTRAL

 

WHEAT (DEC/17): $0.45/BU, FREE WORLD STOCKS 16/17-147/MMT 17/18-137/MMT          
TRENDS: PRICE: UP/LESS YEARLY OPEN INTEREST-DOWN MONTHLY RANGE: (387-575) YEARLY            
TRADING: DOWN/LESS WEEKLY OVER TREND TESTED 426  OPEN INTEREST DOWN/DAILY OVER TREND  
TARGETS: (417 (426-436)-446 456 466
), COMMITMENTS OF TRADERS: LAST REPORT-NET INCREASE  

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

TRENDS: PRICE: UP MONTHLY  OPEN INTEREST-DOWN MONTHLY   PRICE RANGE: (6810-8047) YEARLY     
TRADING: REVERSAL DOWN OVER TREND TESTED 7965 OPEN INTEREST FLAT MONDAY UNDER TREND
TARGETS: (7925 (7965-8006-8047) 8088) COMMITMENTS OF TRADERS: LAST REPORT-NET DECREASE    

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