Friday, May 25, 2018

FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 25/2018 

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 ENDING STOCKS DOWN 43.63MMT PROJECTED

TRENDS: PRICE UP-OPEN INTEREST (MAY25) UP (BUYING OFFSET)-LONG RANGE (449-325) 
TRADING: DOWN DAY-MOVE UP-ON TREND-MET RESISTANCE@406-NET BUYING- 
TARGETS: 397 01 06 10 415 COMMITMENTS OF TRADERS-(MAY 22)-NET SELLING SHORT 

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS DOWN 4.10MMT PROJECTED
TRENDS: PRICE UP-OPEN INTEREST (MAY25) FLAT (BUYING OFFSET)-LONG RANGE (1186-844)
TRADING: FLAT DAY-MOVE UP-ABOVE TREND-TESTED/CLOSED@1041-NET BUYING

TARGETS: 989 1018 24 30 36 41 1047 COMMITMENTS OF TRADERS-(MAY22)-NET COVERING 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST (MAY25) UP (BUYING LONG)-LONG RANGE (575-387)            
TRADING: FLAT DAY-MOVE UP-ON/UPSIDE TREND-TESTED RESISTANCE@TOP/545-NET BUYING

TARGETS: 525 30 35 40 545 COMMITMENTS OF TRADERS-(MAY22)-NET COVERING 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE DOWN-OPEN INTEREST (MAY25) UP/LESS (SELLING OFFSET)  
TRADING: MOVE DOWN-MORESO-BELOW TREND-MET SUPPORT@7700-NET SELLING
TARGETS: 7718 00 7682 64 46 7635 COMMITMENTS OF TRADERS-(MAY 22)-NET COVERING

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