Friday, October 06, 2017


FARM COMMODITIES-TREND ANALYSIS-OCTOBER 6/2017
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 17/18-121/MMT            
TRENDS: PRICE; UP YEARLY-OPEN INTEREST: UP WEEKLY-PRICE RANGE: (325-405) YEARLY           
TRADING: FLAT-SUPPORT@347-BELOW TREND OPEN INTEREST DOWN ABOVE TREND

TARGETS: (343 347 352 (361-370) 379) NET COMMITMENTS OF TRADERS: MORE VOLATILE

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS 16/17-76/MMT 17/18-78/MMT
TRENDS: PRICE: UP YEARLY O/I: DOWN MONTHLY PRICE RANGE: (844-1196) YEARLY
TRADING: UP NOW ABOVE TREND-RESISTANCE@976  OPEN INTEREST UP ABOVE TREND
TARGETS: (931 (960-976) 989) 1004) NET COMMITMENTS OF TRADERS: LOW VOLATILITY 


WHEAT (DEC/17): $0.45/BU, FREE WORLD STOCKS 16/17-145/MMT 17/18-135/MMT          

TRENDS: PRICE: UP/MORE YEARLY O/I: DOWN MONTHLY RANGE: (387-575) YEARLY            
TRADING: FLAT-BELOW TREND+446 RESISTANCE  OPEN INTEREST UP ABOVE TREND  
TARGETS: (426-446) 466 485
), NET COMMITMENTS OF TRADERS: LESS VOLATILE 

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

TRENDS: PRICE: UP MONTHLY  O/I: DOWN MONTHLY   PRICE RANGE: (6810-8295) YEARLY     
TRADING: DOWN-BELOW TREND-TESTED CLOSED UP ABOVE 7965 OPEN INTEREST FLAT
TARGETS: (7883 (7965-8048) 8130 8213) NET COMMITMENTS-TRADERS:  VOLATILE

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