Thursday, January 26, 2017


FARM COMMODITY TREND ANALYSIS JAN/26/2017 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/DOWN  
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: WEEKLY-FLAT INSIDE LOWER CHANNEL  RESISTANCE@372  SUPPORT@360    

TARGETS: UP  (360  363  367  372  377)  COMMITMENTS OF TRADERS: NET INCREASE-3RD WEEK 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: UP/WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: WEEKLY-DOWNWARD UPSIDE MID CHANNEL  RESISTANCE@1078  SUPPORT@1049            
TARGETS: UP, 1030  (1049  1062  1078)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: WEEKLY-FLAT  ONSIDE MID CHANNEL  RESISTANCE@435  SUPPORT@424            
TARGETS: UP,  (424  429  435)  443  COMMITMENTS OF TRADERS: NET FLAT-1ST WEEK 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.      
TREND CHANNEL: UP/MODERATE  MODERATE RANGE WEEKLY  PREMIUM FORWARD-DEC/21 
TRADING: WEEKLY-UPWARD  UPSIDE MID CHANNEL  RESISTANCE@7684  SUPPORT@7476     
TARGETS: UP, (7464  7542  7602  7651  7684)  COMMITMENTS OF TRADERS: NET DECREASE-2ND WEEK   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,   
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   PREMIUM MARKET FORWARD-JAN21

TRADING: WEEKLY-FLAT-CONVERGING  INSIDE UPPER CHANNEL RESISTANCE@176  SUPPORT@159 
TARGETS: UP, (159  164  169  176)  COMMITMENTS OF TRADERS: NET INCREASE-1ST WEEK 
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