Tuesday, January 23, 2018


FARM COMMODITIES-TREND ANALYSIS-JANUARY 23/2018
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. OPEN INTEREST: UP. PRICE RANGE YEARLY: (449-325)           
TRADING: NEW MOVE DOWN, ABOVE TREND/348, MIXED, MOMENTUM SIDEWAYS     

TARGETS: (359 (354-348) 343), COMMITMENTS OF TRADERS: GAINING MOMENTUM
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE: UP. OPEN INTEREST: UP, PRICE RANGE YEARLY: (1186-844)
TRADING: FLAT, MOVE UP, LOOKS TOPPY, ABOVE TREND, MET RESISTANCE@989, BUYING
TARGETS: (977 (983-989) 995), COMMITMENTS OF TRADERS: GAINING MOMENTUM


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

TRENDS: PRICE: DOWN) OPEN INTEREST: UP. RANGE: (575)-387 YEARLY            
TRADING: DOWN, AWAY FROM TREND, SUPPORT@421, LOSING MOMENTUM, SELLING
    
TARGETS: (431 (426-421) 416), COMMITMENTS OF TRADERS: GAINED MOMENTUM

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

TRENDS: PRICE: UP (LESS). OPEN INTEREST: FLAT. PRICE RANGE: (6810-8295) YEARLY
TRADING: UP, FLAT MOVE, ON TREND, SUPPORT/BUYING@8007, LESS MOMENTUM   
TARGETS: (7965 (8007-8048) 8089). COMMITMENTS OF TRADERS: LESS MOMENTUM
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