Thursday, February 01, 2018



FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 01/2018
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-UP/LESS, OPEN INTEREST-DOWN, PRICE RANGE YEARLY-(325-449)           
TRADING: FLAT, BELOW TREND, MORE RESISTANCE@361, MOMENTUM-WEAK       

TARGETS: (325 (343 361) 379), COMMITMENTS OF TRADERS: MOMENTUM-LOST
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-DOWN, PRICE RANGE YEARLY-(844-1186)
TRADING: DOWN, MET SUPPORT-MAJOR@TREND-MINOR@978, MOMENTUM-GAINED, MIXED
TARGETS: (1018 (989 960) 931), COMMITMENTS OF TRADERS: MOMENTUM-LOST


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

TRENDS: PRICE-UP/MODERATE OPEN INTEREST-DOWN/GRADUAL RANGE-(387-575) YEARLY            
TRADING: DOWN, CLOSED ON TREND, TESTED 446/MAJOR SUPPORT, MOMENTUM-LOST 
  
TARGETS: (426 (446 465) 485), COMMITMENTS OF TRADERS: MOMENTUM STEADY

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

TRENDS: PRICE-UP/LESS. OPEN INTEREST-FLAT. PRICE RANGE-(6810-8295) YEARLY
TRADING: FLAT, ON TREND, TESTED 8130/MAJOR SUPPORT, MOMENTUM-LOST, BUYING  
TARGETS: (7965 (8048 8130) 8213). COMMITMENTS OF TRADERS: MOMENTUM GAINED

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