Friday, February 10, 2017


FARM COMMODITY TREND ANALYSIS FEB/10/2017 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/UP INTEREST/TEST OF TOP
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY-HIGHER LOWS  UP THROUGH/CLOSED ABOVE MID CHANNEL IN 372-377    

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

SOYBEANS/SH17: 65 CENT DAILY LIMIT  FREE WORLD STOCKS/DOWN  INTEREST/@HIGH
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS 
TRADING: WEEKLY-HIGHER LOWS  TESTED/MET RESISTANCE MID CHANNEL/1062           
TARGETS: UP, (1030  1038)  1049  1062)  COMMITMENTS/TRADERS:INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  INTEREST/BELOW TOP   
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: WEEKLY BREAKOUT UP TEST/CLOSE ABOVE TOP  DOWNSIDE 454             
TARGETS: UP, 435  (443  454)  471   COMMITMENTS/TRADERS: DECREASE WEEK/1 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT.     OPEN INTEREST/LOWER RANGE
TREND CHANNEL: WEEKLY UP/MODERATE ANGLE/RANGE  YEARLY-HIGHER LOWS  
TRADING: WEEKLY-UP  HIGHER LOWS  INSIDE LOWER CHANNEL  CLOSED BELOW 7651       
TARGETS: UP, (7602  (7626) 7651  7684)  COMMITMENTS/TRADERS:INCREASE-WEEK/2   

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

TRADING: WEEKLY-FLAT  HIGHER LOWS UPSIDE MID CHANNEL  UPSIDE 164 
TARGETS: UP, (159  164  169)  176  COMMITMENTS/TRADERS: DECREASE-WEEK/2
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