FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 19/2018
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.
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
TRENDS: PRICE-UP/LESS.OPEN INTEREST-UP/LESS.YEARLY RANGE-(387-575)
TRADING: MOVING DOWN.STEADY MOMENTUM.BELOW TREND TO ABOVE 445.SELLING
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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