Wednesday, March 14, 2018

FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 14/2018 

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: MOVE DOWN-ON LOWER HIGHS.MOVE UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO TRENDS,TARGETS, MOVES

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (MAY/18):
 $0.25/BU.WORLD ENDING STOCKS PROJECTED DOWN 3.97 MMT            
TRENDS: PRICE-UP/MODERATE.OPEN INTEREST-UP/STEEP.YEARLY RANGE-(325-449)           
TRADING: MOVE/FLAT.ABOVE TREND.RESISTANCE@392 PREVAILS.SELLING.LESS MOMENTUM

TARGETS: (379 383 (388) 392) 397) MOMENTUM-NON COMMERCIAL ACCUMULATING LONG 

SOYBEANS (MAY/18): $0.70/BU,WORLD ENDING STOCKS PROJECTED DOWN 3.74 MMT
TRENDS: PRICE-UP/LESS-REVISED.OPEN INTEREST-UP/MODERATE.YEARLY RANGE-(844-1186)
TRADING: MOVE/DOWN CONTINUES.ABOVE TREND.MET MINOR SUPPORT@1035.MORE MOMENTUM

TARGETS: (1018 1047 1076) 1105) NON COMMERCIAL ACCUMULATING LONG-COVERING SHORT 

WHEAT (MAY/18): $0.45/BU.WORLD ENDING STOCKS PROJECTED UP 2,79 MMT          
TRENDS: PRICE-UP/LESS STEEP.OPEN INTEREST-FLAT ABOVE TREND.YEARLY RANGE-(387-575)            
TRADING: MOVE/DOWN.BELOW TREND.MEETING SUPPORT@485.NET BUYING.LESS MOMENTUM

TARGETS (MAJOR): (485 505 525 545), MOMENTUM-COMMERCIAL ACCUMULATING SHORT 

DOLLAR CAD/USD: (MAR/18)  4.00 DAILY LIMIT
TRENDS: PRICE-DOWN/LESS STEEP. OPEN INTEREST-FLAT ABOVE TREND. YEARLY RANGE-(6810-8295)
TRADING: DOWN IN MOVE FLAT.BELOW TREND.MEETING MINOR SUPPORT@7703.LESS MOMENTUM
TARGETS (MAJOR) (7840 7749) 7657) 7566)MOMENTUM-COMMERCIAL COVERING SHORT

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