Wednesday, February 14, 2018


FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 14/2018
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/LOWER, OPEN INTEREST-UP/LOWER, PRICE RANGE, YEARLY-(325-449)           
TRADING: FLAT, MOVE UP, ABOVE TREND, UNABLE TO CONFIRM ABOVE 365, ESCALATED,              

TARGETS: (361 (365 370) 374 379), COMMITMENTS: SPECULATORS-NET LONG-SHORT COVERING
 
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  
  
TARGETS: (446 450 (455 460) 465) 469), COMMITMENTS OF TRADERS: FLAT-STEADY

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

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