Thursday, May 11, 2017


FARM COMMODITY TREND ANALYSIS MAY 11/2017 THURSDAY
MARKETS: PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: LINES, LONG TERM, JOINING, LOWER HIGHS/DOWN, HIGHER LOWS/UP 
TARGETS:  RESISTANCE/SUPPORT LEVELS, OBJECTIVES (PROJECTED)
 
TRADING: DIRECTION, STRENGTH, RELATIVE LOCATION TO TRENDS/TARGETS 

CORN (JUL/17): $0.25/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/DOWN,                
TREND: MONTHLY-LINE/UP, OPEN INTEREST/FLAT,       RANGE (351-385)   
TRADING: FLAT/LEG UP, ABOVE TREND, SELLING, RESISTANCE @ 372 PREVAILING  

TARGETS: UP, (351 360 372 377 385), COMMITMENTS, STRENGTH REDUCED 

SOYS (JUL/17): $0.70/BU, DAY 1 LIMIT, FREE WORLD STOCKS PROJECTED/DOWN,
TREND: MONTHLY-LINE/DOWN, OPEN INTEREST/FLAT, RANGE (987-943)
TRADING: DOWN/TOPPY, ABOVE TREND, SELLING, RESISTANCE @ 972 PREVAILING

TARGETS: DOWN, (987 968 954 943)  COMMITMENTS, STRENGTH REDUCED

WHEAT (JUL/17): $0.30/BU INITIAL LIMIT, FREE WORLD STOCKS PROJECTED/DOWN,         
TREND: MONTHLY-LINE/UP, OPEN INTEREST/UP            RANGE (422-457)
TRADING: FLAT/INSIDE DAY, ABOVE TREND, BUYING, RESISTANCE @ 434 PREVAILS                         
TARGETS: UP, (422 434 443 457 480)  COMMITMENTS, STRENGTH REDUCED  

DOLLAR CAD/USD: (JUN/17)  4.00 DAILY LIIMIT.                                     
TREND: MONTHLY-LINE/DOWN, OPEN INTEREST/UP,    RANGE (7717-7260)-
TRADING: DOWN/DRIFT, NET SELLING, BELOW TREND, SUPPORT @ 7298 PREVAILS                   
TARGETS: (7416 7332 7298 7260)  COMMITMENTS, STRENGTH INCREASED     

HEATING OIL ULSD: (JUN/17),  25 CENT DAILY LIMIT,                        
TREND: MONTHLY-LINE DOWN, LESS SO, OPEN INTEREST/FLAT, RANGE (164-141)
TRADING: UP/LEG UP, BUYING, TESTING RESISTANCE @ TREND/BELOW 153  

TARGETS: DOWN, (164 153 146 141)  COMMITMENTS, STRENGTH REDUCED
Post a Comment
Google+