Thursday, April 27, 2017


FARM COMMODITY TREND ANALYSIS APR 27/2017 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE ACTIVITY/STRENGTH OF TRADING
TRENDS: LINES JOINING LONG TERM, DOWN: LOWER HIGHS, UP: HIGHER LOWS 
TARGETS: (PROJECTED) RESISTANCE/SUPPORT LEVELS,  OBJECTIVES
 
TRADING: DIRECTION, STRENGTH, RELATIVE LOCATION TO TARGETS/CHANNEL

CORN (JUL/17): 25 CENT DAILY LIMIT NET WORLD STOCKS/UP            LOWER HIGH             
TREND: MONTHLY-LINE/UP, OPEN INTEREST/DOWN (LONG LIQUIDATION)
TRADING: FLAT/LEG DOWN, DECELERATION, NET BUYING, TESTING RESISTANCE @ 372     

TARGETS: UP  (351 360 372 385)  COMMITMENTS-INVESTORS, MORE NET SHORT AGAIN

SOYBEANS (JUL/17): 65 CENT LIMIT NET WORLD STOCKS DOWN         LOWER HIGH
TREND: MONTHLY-LINE/DOWN, OPEN INTEREST/DOWN (LONG LIQUIDATION))
TRADING: FLAT/LEG DOWN, DECELERATION, OFFSET SELLING, UPSIDE SUPPORT @ 954  
 
TARGETS: DOWN, (1004 968 954 943)  COMMITMENTS-INVESTORS MORE NET SHORT AGAIN

WHEAT (JUL/17): 35 CENT DAILY LIMIT NET WORLD STOCKS-UP,         LOWER HIGHS     
TREND: MONTHLY-LINE/UP, OPEN INTEREST/DOWN (LONG LIQUIDATION)
TRADING: FLAT/LEG DOWN, BUYING, DOWNSIDE RESISTANCE @ 434, ABOVE TREND,                      
TARGETS: UP, (411 422 434 457)  COMMITMENTS-INVESTORS MORE NET SHORT  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                TESTING ULTIMATE MONTHLY LOW     
TREND: MONTHLY-LINE/DOWN OPEN INTEREST/UP (SHORT SELLING)
TRADING: DOWN/LEG DOWN, ACCELERATION, SELLING, TESTED/CLOSED ABOVE 7338                   
TARGETS: DOWN, (7503 7448 7420 7332)  COMMITMENTS-HEDGERS MORE LONG     

HEATING OIL ULSD: (JUN/17) (NEW)  25 CENT DAILY LIMIT,                 BREAKOUT DOWN 
TREND: MONTHLY-LINE UP/LESS SO, 1ST REVISION, OPEN INTEREST/DOWN (LIQUIDATION)
TRADING: DOWN/LEG DOWN, ACCELERATION, SELLING,  MAJOR SUPPORT @ 150/TREND  

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