Saturday, January 13, 2018


TREND ANALYSIS-FARM COMMODITIES-JANUARY 13/2018
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: (405-325)           
TRADING: GAINED MOMENTUM DOWN, TESTED BOTTOM OF MOVE@347 AB0VE TREND  

TARGETS: (356 (351-347) 343), COMMITMENTS OF TRADERS: GAINING MOMENTUM
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE: DOWN. OPEN INTEREST: UP, (LESS) PRICE RANGE YEARLY: (1186-844)
TRADING: GAINED MOMENTUM, REVERSAL UP SIGNAL, BELOW TREND, TESTED 961
TARGETS: (1015 (982-950) 918), COMMITMENTS OF TRADERS: GAINING MOMENTUM


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

TRENDS: PRICE: DOWN (LESS) OPEN INTEREST: UP (STEEP). RANGE: (575)-387 YEARLY            
TRADING:
GAINED MOMENTUM, DOWNSIDE TREND, 436 TO TESTED/CLOSED@421   
TARGETS: (436-431-426-421) 416), COMMITMENTS OF TRADERS: LESS MOMENTUM

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

TRENDS: PRICE: UP (LESS). OPEN INTEREST: UP (LESS). PRICE RANGE: (6810-8295) YEARLY
TRADING: GAINED MOMENTUM, UP, UPSIDE TREND SUPPORT, BELOW 8048, HIGHER LOW 
TARGETS: (7883 (7965-8048) 8130). COMMITMENTS OF TRADERS: GAINED MOMENTUM
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