Monday, March 19, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 19/2018 

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-LESS.YEARLY RANGE-(325-449)           
TRADING: MOVING DOWN.ESCALATING.DOWNSIDE SUPPORT@TREND TO SUPPORT@374.SELLING.

TARGETS: (361 365 370 (374 379).NON COMMERCIAL BOUGHT LONG-COVERED SHORT 

SOYBEANS (MAY/18): $0.70/BU,WORLD ENDING STOCKS PROJECTED DOWN 3.74 MMT
TRENDS: PRICE-UP/LESS.OPEN INTEREST-UP/MODERATE.YEARLY RANGE-(844-1186)
TRADING: MOVING DOWN.ESCALATED.DOWNSIDE SUPPORT@TREND.TESTED 1024.SELLING

TARGETS: (MAJOR) (960 989 (1018 1047) MOMENTUM.NON COMMERCIAL BOUGHT LONG 

WHEAT (MAY/18): $0.45/BU.WORLD ENDING STOCKS PROJECTED UP 2,79 MMT         
TRENDS: PRICE-UP/LESS.OPEN INTEREST-UP/LESS.YEARLY RANGE-(387-575)            
TRADING: MOVING DOWN.STEADY MOMENTUM.BELOW TREND TO ABOVE 445.SELLING

TARGETS (MAJOR): (445 465) 485 505), MOMENTUM-COMMERCIAL-NON COMMERCIAL FLAT 

DOLLAR CAD/USD: (JUN/18)  4.00 DAILY LIMIT
TRENDS: PRICE-DOWN/MORE STEEP. OPEN INTEREST-UP/MORE STEEP.YEARLY-(6810-8295)
TRADING: MOVE FLAT.ESCALATED.ON TREND.CLOSED ABOVE SUPPORT@7657.NET BUYING
TARGETS (MAJOR) (7840 (7749 7657) 7566)MOMENTUM-COMMERCIAL-NON COMMERCIAL FLAT

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