Tuesday, January 10, 2017


FARM COMMODITY TREND ANALYSIS JANUARY 10 2017 TUESDAY

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  LOW VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  FUTURES PREMIUM MAR17/DEC19
TRADING: LESS STRENGTH  LOWER HIGH/CLOSE  RESISTANCE AT 360 IN LOWER CHANNEL  MATCHED

TARGETS: UP  351  (360)  377  395  COMMITMENTS: HEDGER SOLD SHORT, SOLD LONG, LESS NET LONG

SOYS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  LOW VOLUME
TREND CHANNEL: DOWN/MEDIUM  MEDIUM RANGE MONTHLY  FUTURES PREMIUM JAN17/AUG17
TRADING: MORE STRENGTH  HIGHER LOW/CLOSE  RESISTANCE AT 1005/BOTTOM  NET BUYING      
TARGETS: DOWN, (1005)  990  979  965  COMMITMENTS: HEDGER COVERED SHORT, LESS NET SHORT 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   LOW VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY   FUTURES PREMIUM  MAR17/JUL19
TRADING: LESS STRENGTH  LOWER HIGH/CLOSE  SUPPORT AT 424/MID CHANNEL  BUYING        
TARGETS: UP, 387  411  (424-429)  443  COMMITMENTS: HEDGER SOLD SHORT, LESS NET LONG

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  LOW VOLUME
TREND CHANNEL: DOWN  WIDE RANGE MONTHLY  FUTURES  PREMIUM DEC16/DEC 21 
TRADING: LESS STRENGTH  HIGHER LOW/EVEN CLOSE  RESISTANCE AT 7584/TOP  MATCHED  
TARGETS: DOWN, (7584-7556)  7521  7476  COMMITMENTS: HEDGER BOUGHT LONG, MORE NET LONG  

HEATING OIL ULSD  HOG/17  25 CENT DAILY LIMIT,   HIGH VOLUME
TREND CHANNEL: UP,/GRADUAL  WIDE RANGE MONTHLY   FUTURES PREMIUM JAN17/JAN21

TRADING: LESS STRENGTH  LOWER HIGH/CLOSE  RESISTANCE AT 164 MID CHANNEL  NET SELLING  
TARGETS: UP, 151  (164)  169  177  COMMITMENTS: HEDGER  SOLD LONG, MORE NET SHORT
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