FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 29/2018
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.OPEN INTEREST-DOWN.RANGE-YEARLY-(325-449)
TRADING: UP.AT TREND.HIGHER LOW@374.ESCALATED.BUYING.
TARGETS: (379 397) 415 433).COMMITMENTS.COMMERCIAL NET SHORT AND BUYING
SOYBEANS (MAY/18): $0.70/BU,WORLD ENDING STOCKS PROJECTED DOWN 3.74 MMT
TRENDS: PRICE-UP.OPEN INTEREST-UP.RANGE-YEARLY-(844-1186)
TRADING: UP.ABOVE TREND.TESTED 1047.ESCALATED.BUYING.TOP H-S NOT CONFIRMED
TARGETS: (989 (1018 1047) 1076).COMMITMENTS.COMMERCIAL NET SHORT AND BUYING
TRENDS: PRICE-UP.OPEN INTEREST-UP.RANGE-YEARLY(387-575)
TRADING: FLAT.ON TREND.SUPPORT@446 PREVAILED.ESCALATED.NET BUYING.
TRENDS: PRICE-DOWN/LESS STEEP. OPEN INTEREST-DOWN.RANGE-YEARLY-(6810-8295)
TRADING: BOTTOM HEAD-SHOULDERS IN FORMATION.SUPPORT@7749 PREVAILING.NET BUYING
TARGETS: (7840 (7749 7657) 7566).COMMITMENTS.NON COMMERCIAL NET LONG AND BUYING.
No comments:
Post a Comment