Saturday, April 15, 2017


FARM COMMODITY TREND ANALYSIS APR 13/2017 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            BULLISH
TREND CHANNEL: MONTHLY/NEW, UP, GRADUAL, NARROW, OPEN INTEREST/FLAT-UP
TRADING MOVE: WEEKLY, UP, HIGHER LOW UPSIDE CHANNEL BOTTOM, RESISTANCE @ 372   

TARGETS: UP  (351 360 372 385)  COMMITMENTS-RELATIVE STRENGTH: INCREASED

SOYBEANS (MAY/17): 65 CENT LIMIT NET WORLD STOCKS DOWN         BULLISH
TREND CHANNEL: MONTHLY, DOWN, MODERATE, WIDE, OPEN INTEREST/UP
TRADING MOVE: WEEKLY, UP, TEST OF RESISTANCE @ 954, INSIDE LOWER CHANNEL     
 
TARGETS: DOWN, (968 954 943 929)  COMMITMENTS-RELATIVE STRENGTH: INCREASED

WHEAT (MAY/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP          BEARISH
TREND CHANNEL: YEARLY, UP/LESS SO), NARROW, OPEN INTEREST/FLAT
TRADING MOVE: WEEKLY, UP, MET RESISTANCE/TOPPY @ 434, INSIDE LOWER CHANNEL                    
TARGETS: UP, (387 407 422 434 457 480)  COMMITMENTS-RELATIVE STRENGTH-: NO CHANGE  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                 BEARISH
TREND CHANNEL: YEARLY, LOWER, WIDE, OPEN INTEREST/FLAT-DOWN
TRADING MOVE: WEEKLY, UP, MET RESISTANCE/CLOSED @ 7554, INSIDE UPPER CHANNEL                
TARGETS: DOWN, (7554 7503 7448 7420)  COMMITMENTS-RELATIVE STRENGTH: NO CHANGE     

HEATING OIL ULSD: (MAY/17)  25 CENT DAILY LIMIT,                           BEARISH
TREND CHANNEL: YEARLY, UP, MODERATE, WIDE, OPEN INTEREST/UP
TRADING MOVE: WEEKLY, UP, RESISTANCE/TOPPY MID 164-169, INSIDE LOWER CHANNEL 

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