Tuesday, January 02, 2018


FARM COMMODITIES-TREND ANALYSIS-JANUARY 02/2018
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. OPEN INTEREST: FLAT.-DOWN PRICE RANGE YEARLY: (405-325)           
TRADING: UP MOVE BUYING ABOVE TREND MAJOR RESISTANCE@355 GAINED MOMENTUM   

TARGETS: (365 (355-345) 325), COMMITMENTS OF TRADERS: INVESTOR COVERING
 
SOYBEANS (MAR/18):
 $0.70/BU, WORLD ENDING PROJECTED STOCKS UP 0.62/MMT
TRENDS: PRICE: DOWN(STEEP). OPEN INTEREST: FLAT, PRICE RANGE YEARLY: (1186-844)
TRADING: UP MOVE DOWN ON TREND UPSIDE 961 SUPPORT MIXED GAINED MOMENTUM
TARGETS: (979 (961-956) 950), COMMITMENTS OF TRADERS: HEDGER COVERING 


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

TRENDS: PRICE: DOWN. OPEN INTEREST: FLAT-UP. RANGE: (575)-387 YEARLY            
TRADING: MOVE-GAP UP ABOVE TREND MET RESISTANCE@436 UPSIDE CONVERGENCE      
TARGETS: (455 (436-426) 416
), COMMITMENTS OF TRADERS: INVESTOR LIQUIDATION

DOLLAR CAD/USD:
 (MAR/18 NEW)  4.00 DAILY LIMIT                                

TRENDS: PRICE: UP(STEEP). OPEN INTEREST: UP. PRICE RANGE: (6810-8295) YEARLY
TRADING: UP MOVE-UP WITH TREND RESISTANCE@8003/OLD HIGHS LOST MOMENTUM 
TARGETS: (7837 (7925-8003) 8101. COMMITMENTS OF TRADERS: HEDGER LIQUIDATION
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