Wednesday, May 30, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAY 30/2018 

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'/LESS-OPEN INTEREST (MAY29) UP/LESS (ROLLING N/U)-RANGE (449-325) 
TRADING: MOVE DOWN/NARROWED-ON REVISED TREND-TESTED 393/SUPPORT-NET SELLING 
TARGETS: (379 84 88 93 397 406) 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 (MAY29) FLAT (OFFSET SELLING)-LONG RANGE (1186-844)
TRADING: DOWN-MOVE DOWN/NARROWED-DOWNSIDE TREND-MET 1018/SUPPORT-NET 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 (MAY29) UP (ROLLING N/U-Z)-RANGE (575-387)            
TRADING: DOWN/NARROWED-DOWNSIDE TREND-TESTED/CLOSED ABOVE 520-NET SELLING

TARGETS: (500 505 10 15 20 525 31 35) 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: UP-MOVE DOWN-WIDE-TESTED TREND-RESISTANCE LEVEL@7800-NET BUYING
TARGETS: 7883 7800 7718 7662) COMMITMENTS OF TRADERS-(MAY 22)-NET COVERING
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