Sunday, March 05, 2017



FARM COMMODITY TREND ANALYSIS MAR/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 (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 TREND CHANNEL LINE 377 AS SUPPORT 

TARGETS: UP  (363  367  372  (377)  385)  COMMITMENTS OF TRADERS: LIQUIDATION  

SOYS (MAY/17): 65 CENT LIMIT FREE WORLD STOCKS DOWN OPEN INTEREST/FLAT
TREND CHANNEL: MONTHLY UP/MODERATE/WIDE  YEARLY-HIGHER LOWS
TRADING: WEEKLY UP OVERSOLD TEST OF BOTTOM-TREND CHANNEL LINE 1030 AS SUPPORT
 
TARGETS: UP, (1022 (1030 1038) 1049 1054)  COMMITMENTS OF TRADERS: LIQUIDATION  

WHEAT (MAY/17): 35 CENT DAILY LIMIT FREE WORLD STOCKS/UP OPEN INTEREST/UFLAT  
TREND CHANNEL: MONTHLY UP/GRADUAL/NARROW  HIGHER LOWS  PREMIUMS FORWARD
TRADING: DAILY UP OVERBOUGHT/ONSIDE TOP-TREND CHANNEL LINE 443 AS SUPPORT               
TARGETS: UP, (429  (443)  454  462  471)  COMMITMENTS OF TRADERS: NET LIQUIDATION:  

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT. OPEN INTEREST/UP
TREND CHANNEL: MONTHLY DOWN/GRADUAL WIDE RANGE
TRADING: WEEKLY DOWN OVERSOLD BELOW MID TREND CHANNEL LINE INSIDE 7503-7419        
TARGETS: DOWN, (7628 7554 (7503 7419) COMMITMENTS OF TRADERS: NET ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,   OPEN INTEREST/DOWN
TREND CHANNEL: MONTHLY UP,/GRADUAL/WIDE  YEARLY HIGHER LOWS  PREMIUMS
TRADING: WEEKLY DOWN OVERSOLD BELOW MID TREND CHANNEL LINE 159 AS RESISTANCE
 
TARGETS: (144 151 (159)  164)  COMMITMENTS OF TRADERS REPORT: LIQUIDATION
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