Tuesday, January 30, 2018


FARM COMMODITIES-TREND ANALYSIS-JANUARY 30/2018
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-UP/HIGHER OPEN INTEREST-UP/LOWER PRICE RANGE YEARLY-(325-449)           
TRADING: MOVE UP ALONG TREND @361/MAJOR RESISTANCE MOMENTUM/VOLUME UP       

TARGETS: (325 (343 361) 379), COMMITMENTS OF TRADERS: MOMENTUM LOST
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE-UP/HIGH. OPEN INTEREST-FLAT, PRICE RANGE YEARLY-(844-1186)
TRADING: MOVE UP, ALONG TREND, 989/MAJOR SUPPORT, MOMENTUM/VOLUME UP
TARGETS: (960 (989 1018) 1047), COMMITMENTS OF TRADERS: MOMENTUM LOST


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

TRENDS: PRICE-UP/GRADUAL OPEN INTEREST-DOWN/GRADUAL RANGE-(387-575) YEARLY            
TRADING: MOVE UP/STEEP ABOVE TREND BELOW 465 MOMENTUM STEADY/VOLUME UP
   
TARGETS: (426 (446 465) 485), COMMITMENTS OF TRADERS: MOMENTUM STEADY

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

TRENDS: PRICE-UP/STEEP. OPEN INTEREST-TOPPING. PRICE RANGE-(6810-8295) YEARLY
TRADING: FLAT, ON TREND, 8130/MAJOR RESISTANCE, MOMENTUM UP/VOLUME DOWN  
TARGETS: (7965 (8048 8130) 8213). COMMITMENTS OF TRADERS: MOMENTUM GAINED
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