Friday, May 11, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 11/2018

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: PRICE DOWN-ON LOWER HIGHS. PRICE UP-ON HIGHER LOWS 
TRADING: POSITION/LENGTH OF PRICE RANGE. RELATIVE TO MOVES TRENDS TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES RESISTANCE SUPPORT


CORN (JUL/18): DAILY LIMIT $0.40/BU 
WORLD PROJECTED ENDING STOCKS DOWN 43.63MMT           

TRENDS: PRICE UP/LESS-OPEN INTEREST (MAY11) UP (SHORT SELLING)-LONG RANGE (449-325)
TRADING: DOWN-NARROWED-ABOVE REVISED TREND-TESTED 397/SUPPORT-SELLING
TARGETS: (388 392-(397-401) COMMITMENTS OF TRADERS-(MAY 08)-NET ACCUMULATION SHORT

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD PROJECTED ENDING STOCKS DOWN 4.10MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY11) FLAT (OFFSET SELLING)-LONG RANGE (1186-844)
TRADING: DOWN-WIDENED-BELOW TREND-MET CLOSED@1002/SUPPORT-SELLING

TARGETS: (989-(1002-1007-1018) COMMITMENTS OF TRADERS-(MAY08)-NET OFFSET LONG SIDE 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD PROJECTED ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP/LESS-OPEN INTEREST (MAY11) UP (SHORT SELLING)-RANGE-(575-387)            
TRADING: DOWN-NARROWED-BELOW TREND-TESTED/CLOSED BELOW 500/SUPPORT-SELLING

TARGETS: (485 (495-500-505) COMMITMENTS OF TRADERS-(MAY08)-NET COVERING SHORT 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY11) FLAT (OFFSET SHORT) RANGE (8295-6810)
TRADING: UP-NARROWED-ABOVE TREND-MET 7840/RESISTANCE-NET SELLING-TOPPY
TARGETS: (7804-7776-7749-7713) COMMITMENTS OF TRADERS-(MAY 08)-ACCUMULATION LONG
Post a Comment
Google+