Tuesday, February 06, 2018


FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 06/2018
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-FLAT, OPEN INTEREST-UP, PRICE RANGE, YEARLY-(325-449)           
TRADING: UP, TESTED RESISTANCE @TREND/361, HIGHER LOW, BUYING, VOLUME-HIGH       

TARGETS: (325 (343 361) 379), COMMITMENTS OF TRADERS: NET SHORT COVERING
 
SOYBEANS (MAR/18):
 $0.70/BU, PROJECTED WORLD ENDING STOCKS UP 0.05 MMT
TRENDS: PRICE-UP/GRADUAL, OPEN INTEREST-UP, PRICE RANGE, YEARLY-(844-1186)
TRADING: UP, RESISTANCE ABOVE TREND @989, HIGHER LOW, BUYING, VOLUME-HIGH
TARGETS: (931(960 989) 1018), COMMITMENTS OF TRADERS: NET SHORT COVERING


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

TRENDS: PRICE-UP/MODERATE, OPEN INTEREST-FLAT, RANGE-(387-575) YEARLY            
TRADING: UP, BELOW TREND, RESISTANCE @446, BUYING, VOLUME-MODERATE 
  
TARGETS: (426 446) 465 485), COMMITMENTS OF TRADERS: NET SHORT COVERING

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

TRENDS: PRICE-UP/LESS. OPEN INTEREST-FLAT. PRICE RANGE-(6810-8295) YEARLY
TRADING: DOWN, BELOW TREND, BUYING@7965, LOST MOMENTUM, VOLUME-MODERATE
TARGETS: (7965 (8048 8130) 8213). COMMITMENTS OF TRADERS: SELLING NET SHORT
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