Friday, November 03, 2017


FARM COMMODITIES-TREND ANALYSIS-NOVEMBER 3/2017
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: MOVE DOWN, SELLING, FOLLOWING TREND, UPSIDE 347 (OPEN INTEREST-FLAT)   

TARGETS: (343 (347-361) 370 379) INVESTORS: SHORT/MORE, HEDGERS: LONG/MORE

SOYBEANS (JAN/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, 2ND HIGH IN MOVE@1004 RESISTANCE, ABOVE TREND, (OPEN INTEREST-UP)
TARGETS: (989-1004) 1018 1033 1047) INVESTORS: LONG/MORE, HEDGERS: SHORT/MORE 


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-MOVE UP/LESS, ABOVE TREND, TESTED/CLOSED@426, (OPEN INTEREST-UP/LESS)     
TARGETS: (407 (416-426) 436 446
), INVESTORS: SHORT/MORE. HEDGERS: LONG/MORE 

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

TRENDS: PRICE: DOWN WEEKLY-OPEN INTEREST: DOWN DAILY, PRICE RANGE: (6810-8295)    
TRADED: MOVE UP MIXED ABOVE TREND TESTED/CLOSED BELOW 7840 (OPEN INTEREST-LESS)
TARGETS: (7657 (7749-7800-7840) 7931) INVESTORS: LONG/LESS, HEDGERS: SHORT/LESS

No comments:

Google+