FARM COMMODITIES-TREND ANALYSIS-CLOSE APR 10/2018
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 1.34 MMT
TRENDS: PRICE-UP.OPEN INTEREST-UP/BELOW PARALLEL.RANGE-YEARLY-(325-449)
TRADING: PRICE MOVE FLAT.BELOW/AWAY FROM TREND/RESISTANCE@392.STEADY,SELLING
TARGETS: (379 397) 415 433).COMMITMENTS.NON COMMERCIAL MORE NET LONG
SOYBEANS (MAY/18): $0.70/BU,WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE-UP.OPEN INTEREST-UP/PARALLEL BELOW TREND.RANGE-YEARLY-(844-1186)
TRADING: PRICE MOVE UP.MORE ABOVE TREND.RESISTANCE@1062MOMENTUM.STEADY.SELLING
TARGETS: (989 (1018 1030 1047) 1076).COMMITMENTS.NON COMMERCIAL MORE NET LONG
TRENDS: PRICE-UP.OPEN INTEREST-DOWN/BELOW TREND.RANGE-YEARLY(387-575)
TRADING: PRICE FLAT/MOVE UP.ABOVE TREND.RESISTANCE@495.LOST MOMENTUM.BUYING.
TRENDS: PRICE-DOWN/REVISING LESS SO. OPEN INTEREST-DOWN.RANGE-YEARLY-(6810-8295)
TRADING: PRICE UP MOVE UP.ABOVE TREND.RESISTANCE@7965.MOMENTUM STEADY.BUYING
TARGETS: (7800 7856 7883 7965 8002).COMMITMENTS.NON REPORTABLE LESS NET SHORT.
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