FARM COMMODITIES-TREND ANALYSIS-OCTOBER 30/2017
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: DOWN MONTHLY, OPEN INTEREST: UP WEEKLY, PRICE RANGE: (325-405)
TRADED: DOWN-EVEN MAINTAINING TREND SUPPORT CONTINUES@347 (OPEN INTEREST-UP)
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: UP DAY TESTED/CLOSED BELOW TREND RESISTANCE@976 (OPEN INTEREST-DOWN)
TARGETS: (946 (960-976) 989) INVESTORS: LESS LONG, HEDGERS: LESS SHORT
WHEAT (DEC/17): $0.45/BU, WORLD STOCKS 16/17-256.58/MMT 17/18-268.13/MMT
TRENDS: PRICE: DOWN WEEKLY OPEN INTEREST: UP WEEKLY, RANGE: (387-575) YEARLY
TRADED-DOWN DAYS DOWNSIDE TREND THROUGH 416 (OPEN INTEREST-UP/MORE)
TARGETS: (407 (416-426) 436 446
DOLLAR CAD/USD: (SEP/17) 4.00 DAILY LIIMIT
TRENDS: PRICE: DOWN WEEKLY-OPEN INTEREST: DOWN DAILY, PRICE RANGE: (6810-8295)
TRADED-FLAT DAY-NARROW RANGE HIGH IN YESTERDAYS RANGE (OPEN INTEREST-DOWN)
TARGETS: (7931 (7840-7749) 7657 ) INVESTORS: STEADY LONG, HEDGERS: LESS SHORT
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