Thursday, March 09, 2017


FARM COMMODITY TREND ANALYSIS MAR/09/2017 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 NET WORLD STOCKS/UP OPEN INTEREST/FLAT  
TREND CHANNEL:MONTHLY UP/GRADUAL ANGLE/NARROW RANGE 
TRADING: WEEKLY DOWN ACCELERATING TEST OF CHANNEL BOTTOM LINE AAND 367 

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

SOYS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN-OPEN INTEREST/FLAT
TREND CHANNEL: MONTHLY DOWN/MODERATE ANGLE/VERY WIDE RANGE    (NEW)
TRADING: WEEKLY DOWN ACCELERATING INSIDE UPPER CHANNEL ABOVE SUPPORT@1004
 
TARGETS: UP, (1018 1004) 987 968 954)  COMMITMENTS OF TRADERS: LIQUIDATION  

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP OPEN INTEREST/FLAT  
TREND CHANNEL: MONTHLY UP/GRADUAL ANGLE/NARROW RANGE 
TRADING: DAILY DOWN ACCELERATING INSIDE UPPER CHANNEL TEST OF SUPPORT@443               
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 ANGLE/ WIDE RANGE
TRADING: WEEKLY DOWN ACCELERATING INSIDE LOWER CHANNEL TEST OF SUPPORT@7416        
TARGETS: DOWN, (7521 7416 7378 7332) COMMITMENTS OF TRADERS: NET ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,   OPEN INTEREST/DOWN
TREND CHANNEL: MONTHLY UP,/GRADUAL ANGLE/WIDE RANGE
TRADING: WEEKLY DOWN DECELERATING TEST OF SUPPORT@CHANNEL BOTTOM
 AND @151
TARGETS: (135 (144 151) 159) 164)  COMMITMENTS OF TRADERS REPORT: LIQUIDATION
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