Tuesday, March 21, 2017


FARM COMMODITY TREND ANALYSIS MAR 21/2017 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 (MAY/17): 25 CENT DAILY LIMIT NET WORLD STOCKS/UP             BEARISH
TREND CHANNEL:MONTHLY UP/MORE GRADUAL NARROW RANGE OPEN INTEREST/UP
TRADING: DAILY, DECELERATION DOWN, SELLING, TEST OF BOTTOM/360 AS SUPPORT 

TARGETS: UP  (360  363  (367)  372)  COMMITMENTS-TRADERS REPORT: NET LIQUIDATION     

SOYBEANS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN        NEUTRAL
TREND CHANNEL: MONTHLY DOWN/MODERATE ANGLE/WIDE RANGE OPEN INTEREST/FLAT
TRADING: DAILY, ACCELERATION DOWN, MATCHED, MID LINE, UPSIDE SUPPORT @ 994 
 
TARGETS: UP, (1010 1004 994) 987)  COMMITMENTS-TRADERS REPORT: NET LIQUIDATION  

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP           BEARISH
TREND CHANNEL: MONTHLY UP/GRADUAL ANGLE/NARROW RANGE OPEN INTEREST/UP
TRADING: DAILY, DECELERATION DOWN, MID LOWER CHANNEL, DOWNSIDE 429                 
TARGETS: UP, (429 (435 443) 454)  COMMITMENTS-TRADERS REPORT: ACCUMULATION   

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT.                                         NEUTRAL
TREND CHANNEL: MONTHLY DOWN/GRADUAL ANGLE/ WIDE RANGE OPEN INTEREST/DOWN
TRADING: DAILY, ACCELERATION UP,  OFFSET SELLING, UPSIDE MID LINE, TESTED SUPPORT@7503        
TARGETS: DOWN, (7628 7554 (7503 7420)  COMMITMENTS-REPORT: ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,                                   BEARISH
TREND CHANNEL: YEARLY UP,/SEMI MODERATE ANGLE/MODERATE RANGE OPEN INT/UP
TRADING: DAILY, ACCELERATION UP, NET SELLNG, BELOW BOTTOM, UPSIDE 151

TARGETS: (135 144 (151) 159 164)  COMMITMENTS-TRADERS: NET LIQUIDATION
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