Thursday, March 02, 2017



FARM COMMODITY TREND ANALYSIS MAR/02/2017 THURSDAY

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 FREE WORLD STOCKS/UP OPEN INTEREST/UP  
TREND CHANNEL:MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY FLAT IN BALANCE/ONSIDE MID MONTHLY CHANNEL RESISTANCE@377 

TARGETS: UP  (363  367  (372  377  385)  NET COMMITMENTS: HEDGERS MORE SHORT 

SOYS (MAY/17): 65 CENT LIMIT FREE WORLD STOCKS DOWN OPEN INTEREST/UP
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS
TRADING: DAILY FLAT OVERSOLD/LOWER MONTHLY CHANNEL TESTED SUPPORT@1030
 
TARGETS: UP, (1022 1030 1038 1049 1054)  NET COMMITMENTS: HEDGERS MORE SHORT 

WHEAT (MAY/17): 35 CENT DAILY LIMIT FREE WORLD STOCKS/UP OPEN INTEREST/UP    
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY UP OVERBOUGHT/ONSIDE TOP-MONTHLY CHANNEL  RESISTANCE@OLD HIGH               
TARGETS: UP, (429  443  454  462)  471)  NET COMMITMENTS: HEDGERS LESS LONG 

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT. OPEN INTEREST/UP
TREND CHANNEL: MONTHLY DOWN/GRADUAL WIDE RANGE
TRADING: DAILY DOWN IN BALANCE/DOWNSIDE MID MONTHLY CHANNEL DOWNSIDE 7503       
TARGETS: DOWN, (7628 7554 (7503) 7419 NET COMMITMENTS: HEDGERS MORE SHORT   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,   OPEN INTEREST/DOWN
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS
TRADING: DAILY DOWN IN BALANCE/DOWNSIDE MID MONTHLY CHANNEL TEST/SUPPORT@159
 
TARGETS: (159  164)  169  176)  NET COMMITMENTS: HEDGERS: LESS SHORT
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