FARM COMMODITIES-TREND ANALYSIS-CLOSE APR 27/2018
TRENDS: MOVE DOWN-ON LOWER HIGHS.MOVE UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO MOVES, TRENDS,TARGETS
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/26TH (LIQUIDATION)-RANGE YEARLY-(325-449)
TRADING: RANGE EXPANDED-MOVE UP-ABOVE TREND-RESISTANCE@392-BUYING
TARGETS: (343 (361-379) 397 COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION
SOYBEANS (MAY/18): $0.70/BU,WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE UP-OPEN INTEREST DOWN/26TH (OFFSET LIQUIDATION)-RANGE YEARLY-(844-1186)
TRADING: RANGE EXPANDED-MOVE UP-ABOVE TREND-MET RESISTANCE@1047-NET BUYING
TARGETS: (989 (1018-1030) 1047) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION
TRENDS: PRICE-UP. OPEN INTEREST/26TH FLAT (NET BUYING). RANGE YEARLY-(387-575)
TRADING: RANGE FLAT-MOVE UP-UPSIDE TREND-MET RESISTANCE@495-NET BUYING.
TRENDS: PRICE DOWN-OPEN INTEREST/26TH FLAT-RANGE YEARLY-(6810-8295)
TRADING: RANGE EXPANDED-MOVE DOWN-FLAT HIGHS-RESISTANCE@7801-NET BUYING
TARGETS: (7696 7744 (7763-7801) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION
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