Tuesday, March 20, 2018

FARM COMMODITIES-TREND ANALYSIS-PROJECTIONS MAR 22-27
AM UNAVAILABLE UNTIL MAR 28 
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: MOVE APPEARS CORRECTING TO FOLLOW TREND FOR 2 MORE HIGHER LOWS
 
TARGETS: (MAJOR)(361 379 397 415).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: TOP HEAD AND SHOULDERS FORMATION CLOSE TO COMPLETION.OBJECTIVE DOWN

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: MOVE APPEARS CORRECTING TO FOLOW TREND FOR 2 MORE HIGHER LOWS

TARGETS (MAJOR): (446 466 485 505), 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: OBJECTIVE OF TOP HEAD AND SHOULDERS FORMATION MET@7657.ESTIMATE FLAT
TARGETS (MAJOR) (7840 (7749 7657) 7566)MOMENTUM-COMMERCIAL-NON COMMERCIAL FLAT.
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