Wednesday, January 10, 2018


TREND ANALYSIS-FARM COMMODITIES-JANUARY 10/2018
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. OPEN INTEREST: DOWN. PRICE RANGE YEARLY: (405-325)           
TRADING: FLAT ABOVE TREND/347, CONTINUING IN CONSOLIDATION, LOST 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 (LESS). OPEN INTEREST: UP, PRICE RANGE YEARLY: (1186-844)
TRADING: DOWN TESTED/CLOSED BELOW LOW OF MOVE/TREND, GAINED MOMENTUM
TARGETS: (1015 (982-950) 918), COMMITMENTS OF TRADERS: AT MOMENTUM MAXIMUM


WHEAT (MAR/18): $0.45/BU, WORLD ENDING PROJECTED STOCKS DOWN 0.89/MMT          

TRENDS: PRICE: DOWN (2ND REVISED) OPEN INTEREST: FLAT. RANGE: (575)-387 YEARLY            
TRADING: UP, CLOSED UP, UPSIDE REVISED TREND AND 431, BUYING, LOST MOMENTUM    
TARGETS: (436 (431-426) 416
), COMMITMENTS OF TRADERS: AT MOMENTUM MAXIMUM

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

TRENDS: PRICE: DOWN (NEW). OPEN INTEREST: UP (LESS). PX RANGE: (6810-8295) YEARLY
TRADING: DOWN, DOWNSIDE TREND, TO ABOVE 7920 MAJOR MOVE  GAINED MOMENTUM 
TARGETS: (8100-8O10-7920) 7830). COMMITMENTS OF TRADERS: AT MOMENTUM MINIMUM
Post a Comment
Google+