Monday, June 11, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 11/2018 

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: DOWN-STEEP-OPEN INTEREST-DOWN OFFSET BUYING-VOLUME UP-RANGE (449-325) 
TRADING: MOVE DOWN/ACCELERATED-ABOVE PARALLEL TREND-SUPPORT @361-NET SELLING 
TARGETS: (397 (379-361) 343) COMMITMENTS OF TRADERS-(JUN05)-NET SELLING SHORT 

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS DOWN 4.10MMT PROJECTED
TRENDS: DOWN/STEEP-OPEN INTEREST-FLAT OFFSET SELLING-VOLUME-UP-RANGE (1186-844)
TRADING: MOVE DOWN/ACCELERATED-ON TREND-TESTED/CLOSED BELOW SUPPORT@960-SELLING

TARGETS: (902 (931-960-989) 1018) COMMITMENTS OF TRADERS-(JUN05)-NET SHORT COVERING 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST-DOWN OFFSET SELLING-VOLUME DOWN-RANGE (575-387)            
TRADING: DOWN-MOVE DOWN/DECELERATED-ON TREND-TESTED/CLOSED BELOW 525-NET SELLING

TARGETS: (446 466 485 (505-525) 545) COMMITMENTS OF TRADERS-(JUN05)-NET BUYING LONG 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE-DOWN/MODERATE-OPEN INTEREST DOWN OFFSET COVERING-VOLUME DOWN
TRADINGFLAT-MOVE DOWN-DECELERATED-ON TREND-SUPPORT ABOVE 7635-NET BUYING
TARGETS: (7883 7800 (7718-7635)) COMMITMENTS OF TRADERS-(JUN05)-NET BUYING LONG

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