FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 14/2018
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/LOWER, OPEN INTEREST-UP/LOWER, PRICE RANGE, YEARLY-(325-449)
TRADING: FLAT, MOVE UP, ABOVE TREND, UNABLE TO CONFIRM ABOVE 365, ESCALATED,
SOYBEANS (MAR/18): $0.70/BU, PROJECTED WORLD ENDING STOCKS DOWN O.43 MMT
TRENDS: PRICE-UP/(VERY) STEEP, OPEN INTEREST-UP/LOWER, PRICE RANGE, YEARLY-(844-1186)
TRADING: STRONG MOVE UP, ON/UPSIDE NEW TREND, RESISTANCE/CLOSED@1018, ESCALATED,
TARGETS: (1012 1018/MAJOR) 1024 1030 1035 1041) SPECULATORS-NET LONG-SHORT COVERING
WHEAT (MAR/18): $0.45/BU, PROJECTED WORLD ENDING STOCKS DOWN 1.92 MMT
TRENDS: PRICE-UP/MODERATE, OPEN INTEREST-DOWN, RANGE-(387-575) YEARLY
TRADING: DOWN, ON TREND, TESTED SUPPORT@455, UNABLE MAKE NEW HIGH, STEADY SELLING
DOLLAR CAD/USD: (MAR/18) 4.00 DAILY LIMIT
TRENDS: PRICE-UP/LESS. OPEN INTEREST-DOWN/MORE SO. PRICE RANGE-(6810-8295) YEARLY
TRADING: REVERSAL SIGNAL UP, HIGHER LOW, ABOVE NEW TREND, RESISTANCE CLOSE BELOW 8007
TARGETS: (7883 (7924 7965 8007) 8048). COMMITMENTS: SPECULATORS-NET LONG-SHORT COVERING
No comments:
Post a Comment