Friday, June 01, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 01/2018 

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-(JUN01) UP (MIXED ACCUMULATION)-RANGE (449-325) 
TRADING: MOVE DOWN/NARROWED-ON TREND-TESTED SUPPORT@393-NET SELLING 
TARGETS: (379 393 397 406) COMMITMENTS OF TRADERS-(MAY 29)-NET BUYING LONG 

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS DOWN 4.10MMT PROJECTED
TRENDS: PRICE UP-OPEN INTEREST-(JUN01) FLAT (OFFSET BUYING)-LONG RANGE (1186-844)
TRADING: FLAT-MOVE DOWN/NARROWED-OFF/BELOW TREND-MET SUPPORT@1018-OFFSET BUYING

TARGETS: (993 1018 1030 1047) COMMITMENTS OF TRADERS-(MAY29)-NET BUYING LONG 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST-(JUN01) FLAT (OFFSET SELLING)-RANGE (575-387)            
TRADING: FLAT-MOVE DOWN/NARROWED-OFF/BELOW TREND-MET SUPPORT@517-OFFSET SELLING

TARGETS: (493 517 536 551) COMMITMENTS OF TRADERS-(MAY29)-NET BUYING LONG 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE DOWN/MORE-OPEN INTEREST(JUN01) UP (SHORT SELLING)  
TRADING: MOVE DOWN-NARROWED-OFF/BELOW TREND-MET SUPPORT@7699-NET SELLING
TARGETS: (7800 7745 7699 7662) COMMITMENTS OF TRADERS-(MAY 29)-NET BUYING LONG

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