FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 13/2018
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 4.46MMT PROJECTED
TRADING: FLAT-MOVE DOWN/ACCELERATED-OFF
TARGETS: (397 (379-361) 343) COMMITMENTS OF TRADERS-(JUN05)-NET SELLING SHORT
SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 0.32MMT PROJECTED
TRENDS: DOWN/STEEP-LAST OPEN INTEREST-UP/SHORT SELLING -VOLUME-UP-RANGE (1186-844)
TRADING: MOVE DOWN/ACCELERATED-ON TREND-RESISTANCE@960-SUPPORT@931 LEVELS-SELLING
TARGETS: (902 (931-960) 989 1018) COMMITMENTS OF TRADERS-(JUN05)-NET SHORT COVERING
TRENDS: PRICE-UP-LAST OPEN INTEREST-DOWN/COVERING-VOLUME UP-RANGE (575-387)
TRADING: MOVE DOWN/DECELERATED-MET TREND-BELOW 525-SELLING-CONVERGING WITH TREND
TRENDS: PRICE-DOWN/MODERATE-LAST OPEN INTEREST DOWN COVERING-VOLUME UP
TRADING: FLAT-MOVE DOWN-ACCELERATED-ON TREND-ALONG 7657 SUPPORT LEVEL-NET BUYING
TARGETS: (7840 (7749 7657) 7566) COMMITMENTS OF TRADERS-(JUN05)-NET BUYING LONG
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