Tuesday, May 15, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 15/2018

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-OPEN INTEREST/(MAY14) FLAT (OFFSET BUYING)-LONG RANGE (449-325)
TRADING: UP-ACCELERATED-ABOVE TREND-TESTED 401-HIGHER LOW-NET BUYING
TARGETS: 392 (397-401) 410) COMMITMENTS OF TRADERS-(MAY 08)-NET COVERING SHORT

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD PROJECTED ENDING STOCKS DOWN 4.10MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY14) FLAT (OFFSET BUYING)-LONG RANGE (1186-844)
TRADING: FLAT-MOVE DOWN-DECELERATED-RESISTANCE@TREND@1024-OFFSET BUYING

TARGETS: (1002-1007-1018-1024) COMMITMENTS OF TRADERS-(MAY08)-ACCUMULATION  LONG

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD PROJECTED ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST (MAY11) DOWN (LIQUIDATION LONG)-RANGE-(575-387)            
TRADING: DOWN-MOVE DOWN-DECELERATED-ABOVE TREND-GOOD SUPPORT@490-BUYING

TARGETS: (480 485 (490-495-500) 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: DOWN-MOVE DOWN-ACCELERATED-BELOW TREND-MORE SUPPORT@7745-SELLING
TARGETS: (7883 7800 7745 7718) COMMITMENTS OF TRADERS-(MAY 08)-ACCUMULATION LONG
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