Wednesday, March 15, 2017


FARM COMMODITY TREND ANALYSIS MAR/15/2017 WEDNESDAY

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        OVERSOLD
TREND CHANNEL:MONTHLY UP/GRADUAL ANGLE/NARROW RANGE OPEN INTEREST/FLAT
TRADING: WEEKLY DECELERATED FLAT HIGHER CLOSE BELOW BOTTOM LINE ONSIDE 363 

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

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

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP     IN BALANCE
TREND CHANNEL: MONTHLY UP/GRADUAL ANGLE/NARROW RANGE OPEN INTEREST/UP
TRADING: DAILY ACCELERATED UP TESTED RESISTANCE/CLOSED @ MID CHANNEL LINE@435               
TARGETS: UP, (429 435) 443 454)  COMMITMENTS: NET LONG ACCUMULATION:  

DOLLAR CAD/USD: (MAR/17)  4.00 DAILY LIIMIT.                            IN BALANCE
TREND CHANNEL: MONTHLY DOWN/GRADUAL ANGLE/ WIDE RANGE OPEN INTEREST/DOWN
TRADING: DAILY ACCELERATED UP THROUGH/CLOSED ABOVE MID CHANNEL LINE AND 7521        
TARGETS: DOWN, (7521 7416 7378 7332)  COMMITMENTS: NET SHORT ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,                       OVERSOLD
TREND CHANNEL: MONTHLY UP,/GRADUAL ANGLE/WIDE RANGE OPEN INTEREST/UP
TRADING: WEEKLY DECELERATED UP DOWNSIDE BOTTOM LINE/CLOSED ABOVE 151

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