Thursday, March 08, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 08/2018
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: MOVE UP(MODERATE).OPEN INTEREST-UP(STRONG).YEARLY RANGE-(325-449)           
TRADING: MOVING UP.TESTED TOP.CLOSED ABOVE TREND/392.BUYING.GAINED MOMENTUM                

TARGETS: (379 (383 388) 392 397) COMMITMENTS: MOMENTUM-NON COMMERCIALS COVERED
 
SOYBEANS (MAY/18):
 $0.70/BU, PWORLD ENDING STOCKS PROJECTED DOWN 3.74 MMT
TRENDS: MOVE UP.(LESS), OPEN INTEREST-UP(MODERATE).YEARLY RANGE-(844-1186)
TRADING: MOVING DOWN.MATCHED.ON TREND.TESTED/CLOSED@1064(MINOR).LOST MOMENTUM  

TARGETS (MAJOR): (1047 1076 1105) COMMITMENTS: MOMENTUM-COMMERCIALS LIQUIDATED

WHEAT (MAY/18): $0.45/BU, WORLD ENDING STOCKS PROJECTED UP 3.52 MMT          

TRENDS: MOVE UP.(LESS STEEP).OPEN INTEREST-FLAT ABOVE TREND.YEARLY RANGE-(387-575)            
TRADING: MOVING DOWN.OFFSETTING.ABOVE TREND.SUPPORT@490(MINOR).STEADY    
  
TARGETS (MAJOR): (485 505 525 545), COMMITMENTS: MOMENTUM-NON COMMERCIALS COVERED

DOLLAR CAD/USD:
 (MAR/18)  4.00 DAILY LIMIT                                

TRENDS: MOVE DOWN(LESS STEEP). OPEN INTEREST-FLAT@TREND. YEARLY RANGE-(6810-8295)
TRADING: UP TODAY.MOVING FLAT.ON/DOWNSIDE TREND.MATCHED.RESISTANCE@7749.STEADY. 
TARGETS (MAJOR) (7840 (7749 7657) 7566)COMMITMENTS: MOMENTUM-COMMERCIALS COVERED
Post a Comment
Google+