Thursday, January 12, 2017


FARM COMMODITY TREND ANALYSIS JANUARY/12/2017 THURSDAY

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

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  HIGH VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: BUYING  CONSTANT  HIGHER LOW ABOVE BOTTOM  RESISTANCE AT 360 CONTINUES

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

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: DOWN/MODERATE  MEDIUM RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/17
TRADING: BUYING  MORE ACTIVE  HIGHER LOW  FULL RANGE TO TOP  A BEAR SQUEEZE ??           
TARGETS: DOWN, (1065-1022)  1005  990  COMMITMENTS: HEDGER COVERED SHORT, LESS NET SHORT 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP   MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-JUL/19
TRADING: NET BUYING  CONSTANT  HIGHER LOW  THROUGH MID CHANNEL TO RESISTANCE@429        
TARGETS: UP, 387  411  (424-429)  443  COMMITMENTS: HEDGER SOLD SHORT, LESS NET LONG

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.  MODERATE/HIGH VOLUME
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: NET BUYING  LESS  HIGHER LOW  ABOVE TOP  CLOSED BELOW RESISTANCE @7656      
TARGETS: DOWN, (7656-7584)  7556  7521  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   PREMIUM MARKET FORWARD-JAN21

TRADING: NET BUYING  LESS ACTIVE  HIGHER LOW  UP IN UPPER CHANNEL  RESISTANCE AT 169 
TARGETS: UP, 151  164  (169)  177  COMMITMENTS: HEDGER  SOLD LONG, MORE NET SHORT
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