Friday, February 09, 2018


FARM COMMODITIES-TREND ANALYSIS-FEBRUARY 09/2018
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-DOWN, PRICE RANGE, YEARLY-(325-449)           
TRADING: DOWN, LONG LIQUIDATION MAR EXPIRY, LIMITED ROLLING, UPSIDE TREND, @361          

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/LOWER, OPEN INTEREST-DOWN, PRICE RANGE, YEARLY-(844-1186)
TRADING: DOWN, LONG LIQUIDATION MAR EXPIRY, LITTLE ROLLING, ON TREND, TESTED 983

TARGETS: (995 1000) 1006 1012 1018), COMMITMENTS: 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, DEESCALATION, SELLING, DOWNSIDE TREND, TESTED 450, LOOKS TOPPY 
  
TARGETS: (446 (450 455 460 465), COMMITMENTS OF TRADERS: FLAT

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

TRENDS: PRICE-UP/LESS. OPEN INTEREST-DOWN. PRICE RANGE-(6810-8295) YEARLY
TRADING: DOWN, MIXED, BELOW TREND @7883, BREAKOUT DOWN, IF NEXT CLOSE IS LOWER
TARGETS: (7883 7924 (7965 8007). COMMITMENTS: SPECULATORS-NET LONG-SHORT COVERING
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