Wednesday, January 18, 2017


FARM COMMODITY TREND ANALYSIS JANUARY/18/2017 TUESDAY

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: DIRECTION  ACTIVITY  STRENGTH  RELATIVE LOCATION  TO CHANNEL/TARGETS     

CORN/CH17: 25 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: UP/GRADUAL  NARROW RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/19
TRADING: UP  LESS ACTIVE  MATCHED SELLING  RESISTANCE-MID CHANNEL  SUPPORT-360 

TARGETS: UP  351 (360)  377  395  COMMITMENTS OF TRADERS: NET INCREASE 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  MODERATE VOLUME
TREND CHANNEL: UP/NEW  WIDE RANGE  MONTHLY  PREMIUM MARKET FORWARD-AUG/17
TRADING: UP  LESS ACTIVE  NET BUYING  DOWNSIDE-CHANNEL TOP  RESISTANCE-1078             
TARGETS: DOWN, 1006-1030  (1078-1125)  COMMITMENTS OF TRADERS: NET DECREASE 

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: FLAT  LESS ACTIVE  NET SELLING  UPPER CHANNEL  RESISTANCE-435            
TARGETS: UP,  424  429  (435)  443  COMMITMENTS OF TRADERS: NET DECREASE 

DOLLAR CAD/USD: CDH/17 4.00 DAILY LIIMIT.                          HIGH VOLUME
TREND CHANNEL: DOWN/MODERATE  WIDE RANGE MONTHLY  PREMIUM MARKET FORWARD-DEC/21 
TRADING: DOWN  MORE ACTIVE  SELLING  SUPPORT-CHANNEL TOP + 7556      
TARGETS: DOWN,  7656-7584  (7556)  7521  COMMITMENTS OF TRADERS: NET DECREASE   

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

TRADING: DOWN  MORE ACTIVE  SELLING  SUPPORT-CHANNEL BOTTOM + PREVIOUS HIGHS 
TARGETS: UP, 151  (164)  169  177  COMMITMENTS OF TRADERS: NET DECREASE 
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