TREND ANALYSIS-FARM COMMODITIES-JANUARY 08/2018
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 (GRADUAL). OPEN INTEREST: UP. PRICE RANGE YEARLY: (405-325)           
TRADING: LOWER TOWARD TREND MET FIRM SUPPORT@347 SELLING GAINED MOMENTUM   
TARGETS: (356 (351-347) 343), COMMITMENTS OF TRADERS: AT MOMENTUM MINIMUM
 
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: LOWER TOWARD TREND MET SUPPORT@961 MIXED GAINED MOMENTUM
TARGETS: (976 (971-965-961) 956), COMMITMENTS OF TRADERS: AT MOMENTUM MAXIMUM

WHEAT (MAR/18): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.89/MMT          
TRENDS: PRICE: DOWN (FINAL REVISED) OPEN INTEREST: FLAT. RANGE: (575)-387 YEARLY            
TRADING: LOWER MET SUPPORT@TREND/426 MIXED SELLING MOMENTUM FLAT    
TARGETS: (455 (436-426) 416), COMMITMENTS OF TRADERS: AT MOMENTUM MAXIMUM

DOLLAR CAD/USD: (MAR/18 NEW)  4.00 DAILY LIMIT                                
TRENDS: PRICE: UP (STEEP). OPEN INTEREST: UP (STEEP). PX RANGE: (6810-8295) YEARLY
TRADING: FLAT MET RESISTANCE@TREND BELOW 8101 MIXED SELLING LOST MOMENTUM 
TARGETS: (7925-(8003-8101) 8184). COMMITMENTS OF TRADERS: AT MOMENTUM MINIMUM