Tuesday, September 19, 2017


FARM COMMODITIES-TREND ANALYSIS-SEPTEMBER 19/2017
MARKETS:
 PRICE SUPPLY/DEMAND USING RELATIVE STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS 
TRADING: RELATIVE STRENGTH, POSITION OF PRICE RANGE,TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (DEC/17):
 $0.25/BU, FREE WORLD STOCKS 16/17-126/MMT 17/18-121/MMT            
TRENDS: PRICE; UP YEARLY  O/I: DOWN MONTHLY  PRICE RANGE: (325-405) YEARLY           
TRADING: DRIFT DOWN POTENTIAL BULLISH WARNING+HIGHER LOW OPEN INTEREST UP

TARGETS: (325 343 (348 353 361)  COMMITMENTS OF TRADERS: LAST REPORT-NET INCREASE

SOYBEANS (NOV/17):
 $0.70/BU, FREE WORLD STOCKS 16/17-76/MMT 17/18-78/MMT
TRENDS: PRICE: MORE YEARLY O/I: DOWN MONTHLY PRICE RANGE: (844-1196) YEARLY
TRADING: DOWN POTENTIAL/BEARISH DOUBLE TOP OPEN INTEREST DOWN
TARGETS: (844/(931-960) 974) COMMITMENTS OF TRADERS: LAST REPORT-NET NEUTRAL


WHEAT (DEC/17):
 $0.45/BU, FREE WORLD STOCKS 16/17-145/MMT 17/18-135/MMT          

TRENDS: PRICE: UP/MORE YEARLY O/I: DOWN MONTHLY RANGE: (387-575) YEARLY            
TRADING: DOWN POTENTIAL BEARISH DOUBLE TOP OPEN INTEREST FLAT  
TARGETS: (387/(426-436-446
), COMMITMENTS OF TRADERS: LAST REPORT-NET INCREASE 

DOLLAR CAD/USD:
 (SEP/17)  4.00 DAILY LIIMIT,  

TRENDS: PRICE: UP MONTHLY  O/I: DOWN MONTHLY   PRICE RANGE: (6810-8295) YEARLY     
TRADING: FLAT REVERSAL DOWN FROM ROUNDING TOP  OPEN INTEREST DOWN
TARGETS: (7965 8048 8130 8213) COMMITMENTS-TRADERS: LAST REPORT-NET NEUTRAL

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