Wednesday, January 17, 2018


FARM COMMODITIES-TREND ANALYSIS-JANUARY 17/2018
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, PROJECTED WORLD ENDING STOCKS UP 1.99 MMT            
TRENDS: PRICE: DOWN (LESS). OPEN INTEREST: UP (LESS). PRICE RANGE YEARLY: (449-325)           
TRADING: BUYING, UP, AB0VE TREND, TESTED/CLOSE ABOVE 1ST RESISTANCE@352    

TARGETS: (356 (352-348) 343), COMMITMENTS OF TRADERS: GAINING MOMENTUM
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE: DOWN (LESS). OPEN INTEREST: FLAT, PRICE RANGE YEARLY: (1186-844)
TRADING: DOWN, BUYING, ACCELERATED UP, SUPPORT@961, ABOVE TREND, FILLED GAP
TARGETS: (979 (973-967) 961), COMMITMENTS OF TRADERS: GAINING MOMENTUM


WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 0.40 MMT          

TRENDS: PRICE: DOWN (MORE) OPEN INTEREST: UP (STEEP). RANGE: (575)-387 YEARLY            
TRADING: FLAT
, BUYING, HIGHER LOW, ON TREND, TESTED/CLOSED ABOVE 420    
TARGETS: (435 430 (425-420-415) 410), COMMITMENTS OF TRADERS: LESS MOMENTUM

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

TRENDS: PRICE: UP (LESS). OPEN INTEREST: UP-FLAT. PRICE RANGE: (6810-8295) YEARLY
TRADING: FLAT, MOMENTUM, BUYING, TREND/SUPPORT, TESTED/CLOSED ABOVE 8048,  
TARGETS: (7883 (7965-8048-8130). COMMITMENTS OF TRADERS: GAINED MOMENTUM
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