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
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
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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