Sunday, February 25, 2018


FARM COMMODITIES-TREND ANALYSIS-FOR FEBRUARY 23/2018
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 DOWN 3.48 MMT            
TRENDS: PRICE-UP, OPEN INTEREST-DOWN/CH EXPIRY, PRICE RANGE, YEARLY-(325-449)           
TRADING: MOVE FLAT, ON/DOWNSIDE TREND, STRONG RESISTANCE@370, SLOWED, MIXED              

TARGETS: (361 (365 370) 374 379), COMMITMENTS: UP, NON COMMERCIALS, MORE NET LONG
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS DOWN O.43 MMT
TRENDS: PRICE-UP/(LESS) STEEP, OPEN INTEREST-LOWER, PRICE RANGE, YEARLY-(844-1186)
TRADING: MOVE FLAT, AWAY FROM TREND, STRONG RESISTANCE NEAR 1041, STEADY, MIXED 

TARGETS: (1018 (1024-1041 1047,) COMMITMENTS: UP, NON COMMERCIALS, MORE NET LONG,

WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 1.92 MMT          

TRENDS: PRICE-UP, OPEN INTEREST-DOWN/CH EXPIRY, RANGE-(387-575) YEARLY            
TRADING: UP, ABOVE TREND, SELLING@455/RESISTANCE, DEESCALATED, MAKING HIGHER LOW   
  
TARGETS: (446 (450 455) 460 465), COMMITMENTS: UP, COMMERCIALS, MORE NET LONG

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

TRENDS: PRICE-UP/LESS. OPEN INTEREST-DOWN/MORE SO. PRICE RANGE-(6810-8295) YEARLY
TRADING: UP/POSSIBLE CORRECTION IN MOVE DOWN, ON/DOWNSIDE TREND, RESISTANCE@7924
TARGETS: (7883 (7924 7965 8007). COMMITMENTS: NON COMMERCIALS, LESS NET LONG
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