FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 03/2018

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 PROJECTED DOWN 1.34 MMT           
TRENDS: PRICE 1ST UP-OPEN INTEREST (MAY 02) UP-(OFFSET)-LONG RANGE (449-325)
TRADING: WIDENED-UP-PARALLEL BELOW TREND-RESISTANCE@410-NET BUYING
TARGETS: (397-(401-406-410)-415 433) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS PROJECTED DOWN 3.60 MMT
TRENDS: PRICE UP-OPEN INTEREST (MAY 02) FLAT (OFFSET SELLING)-LONG RANGE (1186-844)
TRADING: WIDENED-FLAT-ABOVE TREND-ABOVE1047-BUYING-MAKING BOTTOM HEAD-SHOULDER
TARGETS: (989-1018-1047-1076) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS PROJECTED UP 2,33 MMT         
TRENDS: PRICE-UP/STEEP OPEN INTEREST (MAY 02) UP (OFFSET). LONG RANGE-(575-387)            
TRADING: WIDENED-FLAT-ON TREND CLOSED ABOVE 535-OFFSET-NET BUYING POTENTIAL TOP
TARGETS: (505 (525-535) 545 COMMITMENTS OF TRADERS REPORT: NET ACCUMULATION 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00 
TRENDS: PRICE REVISED DOWN-OPEN INTEREST (MAY 02) FLAT (OFFSET) LONG RANGE (8295-6810)
TRADING: WIDENED-FLAT-ON TREND-ABOVE 7744-NET BUYING-MAKING TOP HEAD AND SHOULDER
TARGETS: (7744 (7792-7820 7839) COMMITMENTS OF TRADERS REPORT: NET LIQUIDATION