TREND ANALYSIS-FARM COMMODITIES-JANUARY 11/2018
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: FLAT. PRICE RANGE YEARLY: (405-325)           
TRADING: FLAT, SIDEWAYS CONSOLIDATION NEED GAIN IN MOMENTUM TO BREAKOUT  
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. OPEN INTEREST: UP,/MORE PRICE RANGE YEARLY: (1186-844)
TRADING: DOWN, 2ND CONSECUTIVE LOWER CLOSE LOW MOMENTUM NO BREAKOUT
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 (1ST REVISED) OPEN INTEREST: FLAT. RANGE: (575)-387 YEARLY            
TRADING: DOWN, DOWNSIDE/CLOSED@TREND RESISTANCE@436,GAINED MOMENTUM    
TARGETS: (436 (431-426) 416), COMMITMENTS OF TRADERS: AT MOMENTUM MAXIMUM

DOLLAR CAD/USD: (MAR/18 NEW)  4.00 DAILY LIMIT                                
TRENDS: PRICE: UP/LESS. OPEN INTEREST: UP/MORE. PRICE RANGE: (6810-8295) YEARLY
TRADING: DOWN, DOWNSIDE TREND, MET SUPPORT@7965, COVERING, LOST MOMENTUM 
TARGETS: (7883 (7965-8048) 8130). COMMITMENTS OF TRADERS: AT MOMENTUM MINIMUM