Monday, November 13, 2017


FARM COMMODITIES-TREND ANALYSIS-NOVEMBER13/2017
MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING STRENGTH OF TRADING
TRENDS: DOWN-ON LOWER HIGHS, UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO TREND,TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (DEC/17):
 $0.25/BU, WORLD ENDING STOCKS 17/18 203.86/MMT UP 2.90/MMT            
TRENDS: PRICE: DOWN MONTHLY, OPEN INTEREST: UP WEEKLY, PRICE RANGE: (325-405)           
TRADING: FLAT MOVE, BELOW TREND, @343 LOW, POTENTIAL BOTTOM, (OPEN INTEREST UP)   

TARGETS: (325 334 (343-347) 361), COMMITMENTS: NO UPDATED REPORT  

SOYBEANS (JAN/17):
 $0.70/BU, WORLD ENDING STOCKS 17/18 97.90/MMT UP 1.85/MMT
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST UP MONTHLY, PRICE RANGE: (844-1196) YEARLY
TRADING: MOVE DOWN, DOWNSIDE TREND, SUPPORT@975, SELLING, (OPEN INTEREST-FLAT)
TARGETS: (960 (975-989) 1004), COMMITMENTS: NO UPDATED REPORT 


WHEAT (DEC/17): $0.45/BU, WORLD ENDING STOCKS 17/18 267.53/MMT DOWN 0.8O/MMT          

TRENDS: PRICE: DOWN WEEKLY OPEN INTEREST: UP WEEKLY, RANGE: (387-575) YEARLY            
TRADING: DOWN, M0VE UP, ABOVE TREND, TESTED SUPPORT@426, (OPEN INTEREST-UP)     
TARGETS: (407 (416-426-436) 446
), COMMITMENTS: NO UPDATED REPORT 

DOLLAR CAD/USD:
 (DEC/17)  4.00 DAILY LIIMIT

TRENDS: PRICE: DOWN/WEEKLY, OPEN INTEREST: DOWN WEEKLY, PRICE RANGE: (6810-8295)    
TRADING: DOWN DAY, DOWNSIDE TREND, UPSIDE 7840, LOWER HIGH, (OPEN INTEREST-UP)
TARGETS: (7749 7800 (7840-7931) COMMITMENTS: NO UPDATED REPORT 

No comments:

Google+