Wednesday, April 25, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE APR 25/2018

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 DOWN (SHORT COVERING)-RANGE-YEARLY-(325-449)           
TRADING: PRICE UP-HIGHER LOW-ABOVE TREND-CLOSED ABOVE 379-MORE FORCE/BUYING

TARGETS: (343 (361-379) 397).COMMITMENTS-FORCE: NON COMMERCIAL LESS LONG 

SOYBEANS (MAY/18): $0.70/BU,WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE UP-OPEN INTEREST DOWN (SHORT COVERING)-RANGE-YEARLY-(844-1186)
TRADING: PRICE/MOVE UP-ABOVE TREND-TESTED RESISTANCE@1030-MORE FORCE-NET BUYING

TARGETS: (989 (1018-1030) 1047).COMMITMENTS-FORCE: NON COMMERCIAL MORE LONG 

WHEAT (MAY/18): $0.45/BU.WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
TRENDS: PRICE-UP. OPEN INTEREST-FLAT. RANGE-YEARLY(387-575)            
TRADING: REVERSAL UP-MOVE UP-ABOVE TREND-RESISTANCE@485-HIGH FORCE-BUYING.

TARGETS: (466 485 505 525).COMMITMENTS-FORCE: COMMERCIAL MORE LONG. 

DOLLAR CAD/USD: (JUN/18)  4.00 DAILY LIMIT 
TRENDS: PRICE DOWN-OPEN INTEREST DOWN-RANGE-YEARLY-(6810-8295)
TRADING: PRICE/MOVE DOWN-BELOW TREND-RESISTANCE@7801-MORE FORCE-OFFSET
TARGETS: (7696 7744 (7763-7801).COMMITMENTS-FORCE: COMMERCIAL LESS LONG.
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