Thursday, January 05, 2017


FARM COMMODITY TREND ANALYSIS JANUARY 05 2017 THURSDAY

MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TREND CHANNEL: PARALLEL LINES JOINING HIGHER LOWS+TOPS  LOWER HIGHS+BOTTOMS 
TARGETS: DISTANCE (PROJECTED) MEASURED PRICE OBJECTIVES OF TRADING  (POSITION)
TRADING: DIRECTION  ACTIVITY  RELATIVE STRENGTH OF CHANNEL POSITION OF TARGET     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST/UP  MEDIUM VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  FUTURES PREMIUM MAR17/JUL18
TRADING: 7 HIGHER LOWS DAILY  BUYING  UP  IN LOWER CHANNEL THROUGH 360  HIGHER CLOSE 
TARGETS: UP  351  (360)  377  395  COMMITMENTS: INVESTOR NET SELLING SHORT

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST/DOWN  LOW VOLUME
TREND CHANNEL: DOWN/MEDIUM  MEDIUM RANGE MONTHLY  FUTURES PREMIUM JAN17/JUL17
TRADING: LOWER HIGH WEEKLY  NET SELLING  UPSIDE CHANNEL BOTTOM-1005  LOWER CLOSE     
TARGETS: DOWN, (1005)  990  979  965  COMMITMENTS: INVESTOR NET SELLING LONG 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   OPEN INTEREST(UP, LOW VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY   FUTURES PREMIUM  MAR17/MAY19
TRADING: 7 HIGHER LOWS DAILY  BUYING UP THROUGH MID CHANNEL BELOW 429  HIGHER CLOSE        
TARGETS: UP, 387  (411)  429  443  COMMITMENTS: HEDGER NET SELLING SHORT,

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  OPEN INTEREST/(DOWN)  MEDIUM VOLUME
TREND CHANNEL: DOWN  WIDE RANGE MONTHLY  FUTURES  PREMIUM DEC16/DEC 21 
TRADING: 5 HIGHER LOWS WEEKLY  UP THROUGH CHANNEL TOP  MET RESISTANCE AT 7584
TARGETS: DOWN, (7584-7556)  7521  7476  COMMITMENTS: (HEDGER NET SELLING LONG)  

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,  OPEN INTEREST/(DOWN), (MEDIUM) VOLUME 
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   FUTURES PREMIUM JAN17/FEB18

TRADING: 2 HIGHER LOWS DAILY  BELOW CHANNEL TOP  UP THROUGH/CLOSED AT 169 
TARGETS: UP, 151  164  (169)  177  COMMITMENTS: (HEDGER NET SELLING SHORT), 
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