Wednesday, January 24, 2018


FARM COMMODITIES-TREND ANALYSIS-JANUARY 24/2018
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/STEEP. PRICE RANGE YEARLY: (449-325)           
TRADING: UP, ABOVE TREND/RESISTANCE@354-NEED HIGHER CLOSE FOR BREAKOUT     

TARGETS: (364 (359 354) 348), 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: UP, PENETRATED/CLOSED ABOVE TREND, MET RESISTANCE@995, MOMENTUM
TARGETS: (983 989 995) 10011018), COMMITMENTS OF TRADERS: GAINING MOMENTUM


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

TRENDS: PRICE: UP/NEW OPEN INTEREST: UP/MORE. RANGE: (575)-387 YEARLY            
TRADING: UP TAKEOFF, ON/CLOSED ABOVE TREND/431, HIGHER LOW,
 MOMENTUM   
TARGETS: (421 426 431 436) 441 455), 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, TAKEOFF, UPSIDE TREND, TESTED/CLOSED ABOVE 8089 MOMENTUM   
TARGETS: (8048 8089 8130) 8213). COMMITMENTS OF TRADERS: LESS MOMENTUM
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