Friday, February 03, 2017


FARM COMMODITY TREND ANALYSIS FEB/03/2017 FRIDAY

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  OPEN INTEREST HIGH IN RANGE
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: WEEKLY LOWER HIGH INSIDE LOWER CHANNEL MET SUPPORT@363    

TARGETS: UP  (360  363  367)  372  377  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/1 

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  OPEN INTEREST MID RANGE
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS  PREMIUMS/AUG/17 ONLY
TRADING: DAILY-FLAT INSIDE LOWER CHANNEL  THROUGH RESISTANCE@1038/CLOSED BELOW            
TARGETS: UP, (1022  1030  1038)  1049  1062)  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST HIGH IN RANGE   
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY-TOPPING  INSIDE MID CHANNEL  MET RESISTANCE@435            
TARGETS: UP,  (424  429  435)  443  454  COMMITMENTS OF TRADERS: NET INCREASE WEEK/3 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.       OPEN INTEREST IN LOWER HALF OF RANGE
TREND CHANNEL: WEEKLY UP/MODERATE ANGLE/RANGE  YEARLY-HIGHER LOWS  PREMIUM FUTURES 
TRADING: WEEKLY-UP ONSIDE MID CHANNEL  TEST OF/CLOSED@RESISTANCE@7684       
TARGETS: UP, 7542  (7602  7651  7684)  7724  COMMITMENTS OF TRADERS: NET INCREASE-WEEK/1   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT,     OPEN INTEREST MID RANGE  
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS FORWARD

TRADING: WEEKLY-FLAT  INSIDE UPPER CHANNEL  MET SUPPORT@164  
TARGETS: UP, (159  164  169)  176  COMMITMENTS OF TRADERS: NET DECREASE-WEEK/1
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