FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 11/2018
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
TRADING: MOVE DOWN/ACCELERATED
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
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
TRENDS: PRICE-DOWN/MODERATE-OPEN INTEREST DOWN OFFSET COVERING-VOLUME DOWN
TRADING: FLAT-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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