Monday, May 21, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 21/2018

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/(MAY18) UP (BUYING LONG)-LONG RANGE (449-325)
TRADING: UP-HIGHER LOW-DECELERATED-RESISTANCE TESTED@TREND + 406-NET SELLING
TARGETS: 379 397 415 433 451 COMMITMENTS OF TRADERS-(MAY 15)-NET SELLING SHORT

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD PROJECTED ENDING STOCKS DOWN 4.10MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY18) FLAT ( SELLING SHORT)-LONG RANGE (1186-844)
TRADING: GAP UP-ACCELERATED-FROM MOVE LOW-ABOVE TREND-TESTED 1026-NET BUYING

TARGETS: 989 1018 1047 1076 COMMITMENTS OF TRADERS-(MAY15)-NET COVERING SHORT

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD PROJECTED ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP/MORE-OPEN INTEREST (MAY18) UP (BUYING LONG)-RANGE-(575-387)            
TRADING: MOVE UP-DECELERATED-REVISED TREND-MORE RESISTANCE@520-NET SELLING

TARGETS: 485 505 525 544 COMMITMENTS OF TRADERS-(MAY15)-NET SELLING SHORT 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST (MAY18) FLAT (SELLING OFFSET) RANGE (8295-6810)
TRADING: FLAT-MOVE DOWN-DECELERATED-DOWNSIDE TREND-SUPPORT@7776-BUYING
TARGETS: 7931 7840 7749 7657 COMMITMENTS OF TRADERS-(MAY 15)-NET OFFSET FLAT
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