Thursday, March 30, 2017


FARM COMMODITY TREND ANALYSIS MAR 30/2017 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            BEARISH
TREND CHANNEL: WEEKLY  DOWN (NEW)  GRADUAL  NARROW   OPEN INTEREST/UP
TRADING: DAILY  FLAT  MATCHED  TOPPY  MID CHANNEL  MET RESISTANCE @ 360   

TARGETS: UP  (386 360 350 340 325)  COMMITMENTS-REPORT: RELATIVE STRENGTH-REDUCED 

SOYBEANS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN         BEARISH
TREND CHANNEL: MONTHLY  DOWN  MODERATE  WIDE  OPEN INTEREST/FLAT
TRADING: DAILY   DOWN  SELLING  INSIDE LOWER CHANNEL  DOWNSIDE/1ST CLOSE BELOW 968 
 
TARGETS: DOWN, (968 954 943 929)  COMMITMENTS-RELATIVE STRENGTH-REDUCED

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP          NEUTRAL
TREND CHANNEL: MONTHLY  UP  GRADUAL  NARROW  OPEN INTEREST/FLAT
TRADING: DAILY  CONSOLIDATION FLAT  MIXED  ABOVE BOTTOM  UPSIDE SUPPORT @ 422                 
TARGETS: UP, (387 407 422 434 457 480)  COMMITMENTS:RELATIVE STRENGTH-INCREASED  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                 BULLISH
TREND CHANNEL: MONTHLY  DOWN  GRADUAL  WIDE  OPEN INTEREST/FLAT
TRADING: DAILY  NET SELLING  UPSIDE CONSOLIDATION AND 7503 AS SUPPORT        
TARGETS: DOWN, (7628 7554 7503 7420)  COMMITMENTS: RELATIVE STRENGTH REVERSED-EVEN:    

HEATING OIL ULSD: (MAY/17)  25 CENT DAILY LIMIT,                           BULLISH
TREND CHANNEL: MONTHLY  UP   MODERATE  WIDE   OPEN INTEREST/FLAT
TRADING: DAILY  UP  ONSIDE/CLOSED ABOVE CHANNEL BOTTOM  MET RESISTANCE @ 156 

TARGETS:UP, (151 156 164 169)  COMMITMENTS-REPORT: RELATIVE STRENGTH-REDUCED
Post a Comment
Google+