Monday, March 13, 2017



FARM COMMODITY TREND ANALYSIS MAR/13/2017 MONDAY

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/GRADUAL ANGLE/NARROW RANGE 
TRADING: WEEKLY DECELERATED CONSECUTIVE LOWER CLOSE BELOW BOTTOM LINE/@ 360 

TARGETS: UP  (360  363)  367  372)  COMMITMENTS: NET LONG ACCUMULATION  

SOYS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN-OPEN INTEREST/FLAT
TREND CHANNEL: MONTHLY DOWN/MODERATE ANGLE/WIDE RANGE  
TRADING: WEEKLY DECELERATED FLAT IN UPPER CHANNEL  @ 1004 
 
TARGETS: UP, (1018 1004) 987 968 954)  COMMITMENTS: NET LONG LIQUIDATION  

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP OPEN INTEREST/UP  
TREND CHANNEL: MONTHLY UP/GRADUAL ANGLE/NARROW RANGE 
TRADING: DAILY ACCELERATED DOWN THROUGH/CLOSED BELOW MID CHANNEL LINE@429               
TARGETS: UP, (429 (443 454) 462 471)  COMMITMENTS: NET LONG ACCUMULATION:  

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT. OPEN INTEREST/UP 
TREND CHANNEL: MONTHLY DOWN/GRADUAL ANGLE/ WIDE RANGE
TRADING: DAILY DECELERATING FLAT MET RESISTANCE@PREVIOUS HIGHS BELOW 7464        
TARGETS: DOWN, (7521 7416 7378 7332)  COMMITMENTS: NET SHORT ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,   OPEN INTEREST/UP  BEARISH
TREND CHANNEL: MONTHLY UP,/GRADUAL ANGLE/WIDE RANGE
TRADING: WEEKLY DOWN CONSECUTIVE LOWER CLOSE BELOW BOTTOM LINE TESTED 151

TARGETS: (135 144 (151 159) 164)  COMMITMENTS: NET SHORT LIQUIDATION
Post a Comment
Google+