Friday, March 09, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 09/2018
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: FLAT IN MOVIE UP. ABOVE TREND.RESISTANCE@392.SELLING.LOST 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: MOVE UP.(LESS).OPEN INTEREST-UP(MODERATE).YEARLY RANGE-(844-1186)
TRADING: MOVING DOWN.THROUGH/CLOSED BELOW TREND+1047.SELLING.GAINED 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: MOVE UP.(LESS STEEP).OPEN INTEREST-FLAT ABOVE TREND.YEARLY RANGE-(387-575)            
TRADING: MOVING DOWN.ON TREND.SUPPORT@485.NET SELLING.GAINED MOMENTUM    
  
TARGETS (MAJOR): (485 505 525 545), MOMENTUM-COMMERCIAL ACCUMULATING SHORT

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

TRENDS: MOVE DOWN(LESS STEEP). OPEN INTEREST-FLAT ABOVE TREND. YEARLY RANGE-(6810-8295)
TRADING: MOVING UP.ON/UPSIDE TREND.RESISTANCE@7800(MINOR).NET BUYING.LOST MOMENTUM 
TARGETS (MAJOR) (7840 7749) 7657) 7566)MOMENTUM-COMMERCIAL COVERING SHORT

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