Tuesday, February 14, 2017


FARM COMMODITY TREND ANALYSIS FEB/13/2017 TUESDAY

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    OPEN INTEREST-UP
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY-FLAT HIGHER LOWS @SUPPORT (MID CHANNEL INSIDE 372-377)    

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

SOYBEANS/SH17: 65 CENT LIMIT FREE WORLD STOCKS DOWN OPEN INTEREST-UP
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS
TRADING: DAILY-DOWN LOWER HIGH TOPPING (LOWER CHANNEL THROUGH 1049)

TARGETS: UP, (1030  1038  1049  1062)  COMMITMENTS/TRADERS:INCREASE-WEEK/1 

WHEAT/WH17: 35 CENT DAILY LIMIT  FREE WORLD STOCKS/UP  OPEN INTEREST-FLAT   
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY-DOWN LOWER HIGH TOPPY (RESISTANCE@TOP INSIDE 454-443)              
TARGETS: UP, 435  (443  454)  471   COMMITMENTS/TRADERS: DECREASE WEEK/1 

DOLLAR CAD/USD: CDH/17  4.00 DAILY LIIMIT. OPEN INTEREST-UP
TREND CHANNEL: WEEKLY UP/MODERATE ANGLE/RANGE  YEARLY-HIGHER LOWS  
TRADING: WEEKLY-UP  HIGHER LOWS  (LOWER CHANNEL TESTED SUPPORT@7651)       
TARGETS: UP, (7602  (7625 7651)  7684)  COMMITMENTS/TRADERS:INCREASE-WEEK/2   

HEATING OIL ULSD  HOH/17  25 CENT DAILY LIMIT, OPEN INTEREST-UP  
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS
TRADING: WEEKLY-FLAT INSIDE DAY (@SUPPORT MID CHANNEL CLOSED BELOW 164)
TARGETS: UP, (159  164  169)  176  COMMITMENTS/TRADERS: DECREASE-WEEK/2
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