Tuesday, April 10, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE APR 10/2018

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 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 

WHEAT (MAY/18): $0.45/BU.WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
TRENDS: PRICE-UP.OPEN INTEREST-DOWN/BELOW TREND.RANGE-YEARLY(387-575)            
TRADING: PRICE FLAT/MOVE UP.ABOVE TREND.RESISTANCE@495.LOST MOMENTUM.BUYING.

TARGETS: (446 466) 485 505).COMMITMENTS-NON COMMERCIAL MORE NET SHORT. 

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