Wednesday, April 18, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE APR 18/2018

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-DOWN. RANGE-YEARLY-(325-449)           
TRADING: FLAT. MOVE DOWN. ABOVE TREND. TESTED SUPPORT@379. LOST MOMENTUM. BUYING

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: MOVE FLAT. ABOVE TREND. TESTED SUPPORT@1041. LOST MOMENTUM. NET 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-DOWN. RANGE-YEARLY(387-575)            
TRADING: FLAT. MOVE UP. ABOVE TREND. RESISTANCE@476. GAINED MOMENTUM. NET BUYING.

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

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