Monday, March 20, 2017


FARM COMMODITY TREND ANALYSIS MAR/18/2017 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        OVERSOLD
TREND CHANNEL:MONTHLY UP/MORE GRADUAL NARROW RANGE OPEN INTEREST/UP
TRADING: DAILY FLAT SELLING-POTENTIAL REVERSAL DOWN SUPPORT@BOTTOM/@363 

TARGETS: UP  (360  363  (367)  372)  COMMITMENTS-TRADERS REPORT: NET LIQUIDATION     

SOYBEANS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN    IN BALANCE
TREND CHANNEL: MONTHLY DOWN/MODERATE ANGLE/WIDE RANGE OPEN INTEREST/FLAT
TRADING: DAILY CONSTANT UP NET SELLING MID LINE RESISTANCE@/CLOSED BELOW 1010 
 
TARGETS: UP, (1010 1004 994) 987)  COMMITMENTS-TRADERS REPORT: NET 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: WEEKLY ACCELERATION FLAT REVERSAL DOWN ONSIDE MID LINE/SUPPORT@430                
TARGETS: UP, (429 (435 443) 454)  COMMITMENTS-TRADERS REPORT: 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 FLAT OFFSET SELLING UPSIDE MID LINE TESTED/CLOSED BE;OW 7503        
TARGETS: DOWN, (7628 7554 (7503 7420)  COMMITMENTS-REPORT: ACCUMULATION   

HEATING OIL ULSD: (APR/17)  25 CENT DAILY LIMIT,                       OVERSOLD
TREND CHANNEL: YEARLY UP,/SEMI MODERATE ANGLE/MODERATE RANGE OPEN INT/UP
TRADING: DAILY FLAT OUTSIDE DAY OFFSET BUYING BELOW BOTTOM ONSIDE 151

TARGETS: (135 144 (151) 159 164)  COMMITMENTS-TRADERS: NET LIQUIDATION
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