Wednesday, December 13, 2017


FARM COMMODITIES-TREND ANALYSIS-DECEMBER 13/2017
MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO TRENDS,TARGETS MOVES

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (MAR/18):
 $0.25/BU, WORLD ENDING PROJECTED STOCKS UP 0.22/MMT            
TRENDS: PRICE: DOWN/LESS OPEN INTEREST: DOWN/LESS DAILY. PRICE RANGE: (325-405)           
TRADING: FLAT BELOW TREND/352 TESTED RESISTANCE@LOW OF MOVE OPEN INTEREST UP   

TARGETS: (334 (343-352)-361), NET COMMITMENTS: PROJECTED MOMENTUM DECREASED
 
SOYBEANS (JAN/18):
 $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 0.62/MMT
TRENDS: PRICE: UP/LESS. OPEN INTEREST DOWN/EXPIRY, PRICE RANGE (844-1196) YEARLY
TRADING: FLAT ABOVE TREND BUYING@975 HIGHER LOW IN MOVE OPEN INTEREST DOWN
TARGETS: (960 (975-989) 1004), NET COMMITMENTS: PROJECTED MOMENTUM INCREASED


WHEAT (MAR/18): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.89/MMT          

TRENDS: PRICE: DOWN/MORE. OPEN INTEREST: UP WEEKLY. RANGE: (387-575) YEARLY            
TRADING: FLAT IN MOVE DOWN ABOVE TREND RESISTANCE@416 OPEN INTEREST UP     
TARGETS: (397 (407-416) 426
), NET COMMITMENTS: PROJECTED MOMENTUM DECREASED 

DOLLAR CAD/USD:
 (DEC/17)  4.00 DAILY LIMIT                                

TRENDS: PRICE: DOWN/LESS. OPEN INTEREST: UP DAILY. PRICE RANGE: (6810-8295)
TRADING: UP FLAT MOVE TESTED CLOSED ABOVE TREND 7749 BOTTOM OPEN INTEREST DOWN 
TARGETS: (7704 (7749-7794-7840). NET COMMITMENTS: PROJECTED MOMENTUM DECREASED

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