Thursday, February 15, 2018


FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 15/2018
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/HIGHER, PRICE RANGE, YEARLY-(325-449)           
TRADING: FLAT, MOVE UP, ABOVE TREND/365, NEED HIGHER CLOSE TO CONTINUE, STEADY              

TARGETS: (361 (365 370) 374 379), COMMITMENTS: SPECULATOR-SHORT COVERING
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS DOWN O.43 MMT
TRENDS: PRICE-UP/(VERY) STEEP, OPEN INTEREST-UP/HIGHER, PRICE RANGE, YEARLY-(844-1186)
TRADING: CONTINUED MOVE UP, ON TREND/UPSIDE, TESTED/CLOSED@1024, DEESCALATED, BUYING 

TARGETS: (1018/MAJOR) 1024) 1030 1035 1041 1047/MAJOR) SPECULATOR-SHORT COVERING

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

TRENDS: PRICE-UP/MODERATE, OPEN INTEREST-DOWN/L0WER, RANGE-(387-575) YEARLY            
TRADING: REVERSAL SIGNAL UP, ON TREND/DOWNSIDE, TESTED/CLOSED ABOVE 460, ESCALATED  
  
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: UP, CONFIRMED REVERSAL, STEEP MOVE, TESTED/CLOSED ABOVE 8007, DEESCALATED
TARGETS: (7883 (7924 7965 8007) 8048). COMMITMENTS: SPECULATOR SHORT COVERING
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