Thursday, October 12, 2017


FARM COMMODITIES-TREND ANALYSIS-OCTOBER 12/2017
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, WORLD STOCKS 16/17-226.99/MMT 17/18-200.96/MMT            
TRENDS: PRICE; UP YEARLY-OPEN INTEREST: UP WEEKLY-PRICE RANGE: (325-405) YEARLY           
TRADED FLAT/OPEN INTEREST-UP  MET RESISTANCE BELOW TREND+370 WIDE RANGE 

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

SOYBEANS (NOV/17):
 $0.70/BU, WORLD STOCKS 16/17 97.78/MMT 17/18-96.05/MMT
TRENDS: PRICE: UP YEARLY-OPEN INTEREST UP WEEKLY-PRICE RANGE: (844-1196) YEARLY
TRADED-UP/OPEN INTEREST-UP  REVERSAL-UP UPSIDE TREND TESTED 989 RESISTANCE
TARGETS: (931 (960-976-989) 1004) NET COMMITMENTS OF TRADERS: LOW VOLATILITY 


WHEAT (DEC/17): $0.45/BU, WORLD STOCKS 16/17-256.6/MMT 17/18-268.1/MMT          

TRENDS: PRICE: UP/MORE YEARLY O/I: DOWN MONTHLY RANGE: (387-575) YEARLY            
TRADED-FLAT/OPEN INTEREST-UP  ACCELERATED CLOSED LOWER BELOW TREND  
TARGETS: (426-436) 446 466
), NET COMMITMENTS OF TRADERS: LESS VOLATILE 

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

TRENDS: PRICE: DOWN/MORE WEEKLY-O/I: DOWN MONTHLY-PRICE RANGE: (6810-8295)     
TRADED-HIGHER/OPEN INTEREST UP  EQUAL STRENGTH TESTED/CLOSED ABOVE TREND
TARGETS: (7883 (7965-8048) 8130 8213) NET COMMITMENTS-TRADERS:  VOLATILE

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