Tuesday, May 29, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 29/2018 

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: MOVE DOWN/WIDE-TESTED TREND-SUPPORT@397 PREVAILED-SELLING- 
TARGETS: (379 388 397 406) 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) UP (BUYING LONG)-LONG RANGE (1186-844)
TRADING: MOVE DOWN/WIDE-TESTED/CLOSED ABOVE TREND AND 1030 AS SUPPORT-SELLING

TARGETS: (1007 13 18 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-REVISED UP-OPEN INTEREST (MAY25) UP (BUYING LONG)-RANGE (575-387)            
TRADING: MOVE UP/WIDE-ON REVISED TREND-TESTED/CLOSED BELOW TOP@535-NET SELLING

TARGETS: (525 31 35 40 545 565) COMMITMENTS OF TRADERS-(MAY22)-NET COVERING 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE REVISED DOWN-OPEN INTEREST (MAY29) FLAT (OFFSET SELLING)  
TRADING: MOVE DOWN NARROW-BELOW REVISED TREND-SUPPORT@7662-NET SELLING
TARGETS: 7718 7699 81 62 43 7635 COMMITMENTS OF TRADERS-(MAY 22)-NET COVERING
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