Monday, February 26, 2018


FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 26/2018
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: UP/MIXED, ON/DOWNSIDE TREND, STRONG RESISTANCE MONTHLY CONTINUES@370             

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- UP/LESS, PRICE RANGE, YEARLY-(844-1186)
TRADING: UP/SELLING FULL RANGE, ABOVE TREND, MAJOR RESISTANCE@1047 PREVAILED 

TARGETS: (1030 (1035 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/IN OFFSET, ABOVE TREND, RESISTANCE WEEKLY@465 PREVAILED, ESCALATED,   
  
TARGETS: (446 (455 460 465), COMMITMENTS: COMMERCIALS, MORE NET LONG, COVERING

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

TRENDS: PRICE-UP/LESS. OPEN INTEREST-DOWN/MORE SO. PRICE RANGE-(6810-8295) YEARLY
TRADING: FLAT/MIXED SELLING, ON/DOWNSIDE TREND, RESISTANCE DAILY@7924, STEADY
TARGETS: (7883 (7924 7965 8007). COMMITMENTS: NON COMMERCIALS, LESS NET LONG, SELLING
Post a Comment
Google+