Monday, April 16, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MONDAY APR 16/2018

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/REVISED LOWER. OPEN INTEREST-FLAT. RANGE-YEARLY-(325-449)           
TRADING: MOVE DOWN. ABOVE TREND. TESTED 385. GAINED MOMENTUM. SELLING

TARGETS: (343 361 379 397).COMMITMENTS-FORCE: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. RANGE-YEARLY-(844-1186)
TRADING: DOWN FROM LOWER HIGH ABOVE TREND THROUGH 1047 MOMENTUM FLAT SELLING

TARGETS: (989 (1018 1030 1047) 1076).COMMITMENTS-FORCE:COMMERCIAL MORE NET SHORT 

WHEAT (MAY/18): $0.45/BU.WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
TRENDS: PRICE-UP.OPEN INTEREST-UP/BELOW TREND.RANGE-YEARLY(387-575)            
TRADING: DOWN FROM LOWER ABOVE TREND SUPPORT@466 LOST MOMENTUM.SELLING.

TARGETS: (446 466) 485 505).COMMITMENTS-FORCE:NON COMMERCIAL NOW NET LONG. 

DOLLAR CAD/USD: (JUN/18)  4.00 DAILY LIMIT 
TRENDS: PRICE-DOWN/LESS. OPEN INTEREST-FLAT. RANGE-YEARLY-(6810-8295)
TRADING: FLAT MOVE UP @REVISED TREND RESISTANCE@7965 MOMENTUM STEADY BUYING
TARGETS: (7800 7856 7883 7965 8002).COMMITMENTS-FORCE:NON REPORTABLE FLAT NET SHORT.
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