Wednesday, August 09, 2017


FARM COMMODITIES-TREND ANALYSIS-AUGUST 09/2017
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 16/17-126/MMT 17/18-120/MMT (325-405)              
TRENDS: PRICE; UP YEARLY   OPEN INTEREST: DOWN DAILY               
TRADING: UP DAILY BUYING ABOVE TREND RESISTANCE/388  OPEN INTEREST DOWN ON TREND
  
TARGETS: (379 388 397 406 415) COMMITMENTS OF TRADERS: LAST REPORT-NET DECREASE

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS 16/17-76/MMT 17/18-74/MMT (1196-910)
TRENDS: PRICE: DOWN YEARLY  OPEN INTEREST-DOWN MONTHLY
TRADING: DOWN DAILY BALANCED ON TREND SUPPORT/975  OPEN INTEREST DOWN UPSIDE TREND
TARGETS: (946 960 975 989 1004) COMMITMENTS OF TRADERS: NET NEUTRAL

 

WHEAT (SEP/17): $0.45/BU, FREE WORLD STOCKS 16/17-147/MMT 17/18-134/MMT (390-575)         
TRENDS: PRICE: MONTHLY UP   OPEN INTEREST-DOWN MONTHLY             
TRADING: FLAT WEEKY MIXED BELOW TREND INSIDE 456/466  OPEN INTEREST DOWN ABOVE TREND  
TARGETS: (446 456 466 476 486 496
), COMMITMENTS OF TRADERS: NET DECREASE  

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

TRENDS: PRICE: UP YEARLY/REVISED UP  OPEN INTEREST-UP MONTHLY/REVISED LOWER     
TRADING: DOWN DAILY NET SELLING ABOVE TREND SUPPORT/7883  OPEN INTEREST UP ABOVE TREND
TARGETS: (7845 7883 7945 7965 8006 8047)  COMMITMENTS OF TRADERS: NET INCREASE    
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