Tuesday, July 26, 2011

Farm Commodities-Trend Direction + Analysis


*"SETTLEMENTS MONDAY JUNE 17/2013"*
-the market knows more
-price trend-dn=lower highs, -price trend up=higher lows

Corn CN-july/2013
futures@discount forward to dec/2013. old crop premium trading
trend up/accelerating-low@support+hi@projected resistance=668
projected: 654-668-696-712:  move up-buying=bullish

Soybeans SN-july/2013
futures@discount forward to nov/2013. old crop premium trading
trend up/less so-virtual matched buying selling-@trend resistance
projected: 1486-1508-1533-1559: move dn=less bullish

Soybean Meal-SMN-july/2013. 
futures@discount forward to/ dec/13. old crop premium trading
trend dn/decelerating-thru 451 projected support matched trading
projected: 400-451-490-520: lower close confirms move dn

Wheat-WN-july/2013 
futures@premium forward to may/2014. 
trend dn/acceleration-move flat-matched trading-thru support
projected: 738-700-685-672: need lower close continue=bearish

Heating Oil-HOM-june 2013
futures@discount forward to aug/2013.
trend up/deceleratiing-net selling-@resistance of trend
projected: 294-290-288-286-283-281: less bullish

Cdlr CDM-june 2013
futures discount forward to sept/2014.
trend up/decelerating-net selling-move flat-thru trend as support
projected: 9591-9742-9855-9943-10120 less bullish                                                                                                                                                                                                                                                                                                                                                                                      

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