FARM COMMODITY TREND ANALYSIS FEB/09/2017 THURSDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS  OBJECTIVES  
TRADING: DIRECTION  STRENGTH  RELATIVE LOCATION TO TARGETS/CHANNEL    

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP OPEN INTEREST@TOP
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY-HIGHER LOWS  MET RESISTANCE MID CHANNEL/372    
TARGETS: UP  (360  363  367)  372  377  COMMITMENTS: NET DECREASE-WEEK/1 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  O/I MID RANGE
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS 
TRADING: WEEKLY-HIGHER LOWS  TESTED/MET RESISTANCE MID CHANNEL/1062           
TARGETS: UP, (1022  1030  1038)  1049  1062)  COMMITMENTS: NET DECREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP     O/I DOWNSIDE TOP   
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: WEEKLY-HIGHER LOWS UPSIDE MID CHANNEL  MET RESISTANCE@443              
TARGETS: UP,  418  (424  429  435  443)   COMMITMENTS: NET INCREASE WEEK/3 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.     OPEN INTEREST/LOWER RANGE
TREND CHANNEL: WEEKLY UP/MODERATE ANGLE/RANGE  YEARLY-HIGHER LOWS  
TRADING: WEEKLY-UP  HIGHER LOW  UPSIDE CHANNEL BOTTOM  TESTED 7636       
TARGETS: UP, 7542  (7602  (7626) 7651  7684)  COMMITMENTS: NET INCREASE-WEEK/1   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   OPEN INTEREST/UPPER RANGE  
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS 
TRADING: WEEKLY-FLAT  HIGHER LOW UPSIDE MID CHANNEL  RESISTANCE@164 
TARGETS: UP, (159  164  169)  176  COMMITMENTS: NET DECREASE-WEEK/1