Monday, January 30, 2017


FARM COMMODITY TREND ANALYSIS JAN/30/2017 MONDAY

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:MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-DEC/19
TRADING: WEEKLY-DOWN @UPSIDE SUPPORT@BOTTOM OF CHANNEL  THROUGH SUPPORT@360    

TARGETS: UP  (360  363  367  372  377)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/4 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  
TREND CHANNEL: MONTHLY UP/WIDE RANGE  PREMIUM MARKET FORWARD-AUG/17
TRADING: WEEKLY-DOWN INSIDE LOWER CHANNEL  TEST OF SUPPORT@1022            
TARGETS: UP, 990  1005  (1022  1078)  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/2 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   
TREND CHANNEL: MONTHLY UP/GRADUAL  NARROW RANGE  PREMIUM MARKET FORWARD-JUL/19
TRADING: WEEKLY-DOWN  INSIDE LOWER CHANNEL  UPSIDE SUPPORT@411            
TARGETS: UP,  387  405  (411  429)  COMMITMENTS OF TRADERS: NET DECREASE WEEK/2 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.      
TREND CHANNEL: WEEKLY UP/MODERATE  MODERATE RANGE  PREMIUM FORWARD-DEC/21 
TRADING: WEEKLY-FLAT  TEST OF RESISTANCE MID CHANNEL   UPSIDE SUPPORT@7602     
TARGETS: UP, 7464  7542  (7602  7651  7684)  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/3   

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

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