Monday, April 03, 2017


FARM COMMODITY TREND ANALYSIS APR 3/2017 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: WEEKLY  DOWN   GRADUAL  NARROW   OPEN INTEREST/UP-BUYING
TRADING: DAILY  UP  UPSIDE CHANNEL TOP  SELLING  MET RESISTANCE @ PREVIOUS HIGH @ 370   

TARGETS: DOWN  (386 360 350 340)  COMMITMENTS: RELATIVE STRENGTH-REVERSED EVEN 

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

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP         BEARISH
TREND CHANNEL: MONTHLY  UP  GRADUAL  NARROW  OPEN INTEREST/FLAT
TRADING: DAILY   UP  MID LOWER CHANNEL  SELLING  MET RESISTANCE @ 434                   
TARGETS: UP, (387 407 422 434 457 480)  COMMITMENTS:RELATIVE STRENGTH-INCREASED  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                        BEARISH
TREND CHANNEL: MONTHLY  DOWN  GRADUAL  WIDE  OPEN INTEREST/FLAT
TRADING: DAILY  DOWN  INSIDE DRIFT DOWN  UPSIDE MID CHANNEL SELLING  BELOW 7503              
TARGETS: DOWN, (7628 7554 7503 7420)  COMMITMENTS: RELATIVE STRENGTH REVERSED-EVEN:    

HEATING OIL ULSD: (MAY/17)  25 CENT DAILY LIMIT,                                BEARISH
TREND CHANNEL: MONTHLY  UP   MODERATE  WIDE   OPEN INTEREST/FLAT
TRADING: DAILY  FLAT  DOWNSIDE CHANNEL BOTTOM  SELLING  MET SUPPORT @ 156 

TARGETS:UP, (151 156 164 169)  COMMITMENTS-REPORT: RELATIVE STRENGTH-EVEN
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