FARM COMMODITIES-TREND ANALYSIS-OCTOBER 17/2017
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS
TRADED: 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; FLAT MONTHLY-OPEN INTEREST: UP WEEKLY-PRICE RANGE: (325-405) YEARLY
TRADED DOWN WEEK-OPEN INTEREST-FLAT FLAT CONSOLIDATION MONTHLY @347 SUPPORT
SOYBEANS (NOV/17): $0.70/BU, WORLD STOCKS 16/17 97.78/MMT 17/18-96.05/MMT
TRENDS: PRICE: UP MONTHLY-OPEN INTEREST UP WEEKLY-PRICE RANGE: (844-1196) YEARLY
TRADED-DOWN DAY-OPEN INTEREST-DOWN ABOVE TREND MOVE DOWN THROUGH 989
TARGETS: (960 (976-989) 1004 1018) NET COMMITMENTS OF TRADERS: MORE VOLATILE
WHEAT (DEC/17): $0.45/BU, WORLD STOCKS 16/17-256.58/MMT 17/18-268.13/MMT
TRENDS: PRICE: UP/MORE YEARLY O/I: DOWN MONTHLY RANGE: (387-575) YEARLY
TRADED-DOWN DAY-OPEN INTEREST-FLAT BELOW TREND TESTED/CLOSED BELOW 436
TARGETS: (426-436-446) 466
DOLLAR CAD/USD: (SEP/17) 4.00 DAILY LIIMIT
TRENDS: PRICE: DOWN/MORE WEEKLY-O/I: DOWN MONTHLY-PRICE RANGE: (6810-8295)
TRADED-DOWN MOVE-OPEN INTEREST DOWN UPSIDE TREND TESTED/CLOSED ABOVE 7965
TARGETS: (7883 (7965-8048) 8130 8213) NET COMMITMENTS OF TRADERS: VOLATILE
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