FARM COMMODITIES-TREND ANALYSIS-OCTOBER 24/2017
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 INSIDE 361-343-OPEN INTEREST: UP WEEKLY, PRICE RANGE: (325-405)
TRADED: UP/CLOSED UP (OPEN INTEREST-UP) MOVE UP INSIDE TREND CHANAL ABOVE 347
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 MONTHLY, PRICE RANGE: (844-1196) YEARLY
TRADED: DOWN DAYS (OPEN INTEREST-DOWN) MET RESISTANCE@TREND, TESTED 976 SUPPORT
TARGETS: (960 (976-982) 989 1004 1018) INVESTORS: MORE LONG, HEDGERS: MORE SHORT
WHEAT (DEC/17): $0.45/BU, WORLD STOCKS 16/17-256.58/MMT 17/18-268.13/MMT
TRENDS: PRICE: UP YEARLY OPEN INTEREST: UP WEEKLY, RANGE: (387-575) YEARLY
TRADED-UP/CLOSED UP (OPEN INTEREST-UP) MOVE UP UPSIDE TREND THROUGH 436
TARGETS: (426-436) 446 466
DOLLAR CAD/USD: (SEP/17) 4.00 DAILY LIIMIT
TRENDS: PRICE: DOWN WEEKLY-OPEN INTEREST: FLAT WEEKLY, PRICE RANGE: (6810-8295)
TRADED-DOWN DAYS (OPEN INTEREST DOWN) CLOSED LOWER, ABOVE TREND REVISED LOWER
TARGETS: (7883-7925) 7965 8048) INVESTORS: STEADY LONG, HEDGERS: STEADY SHORT
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