Friday, April 27, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE APR 27/2018

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 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 

WHEAT (MAY/18): $0.45/BU.WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
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.

TARGETS: (466 485 505 525) COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION 

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