Thursday, June 14, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 14/2018 

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: PRICE/MOVES 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

TRENDS: DOWN/LESS-LAST OPEN INTEREST-DOWN/NET SELLING-VOLUME UP-RANGE (449-325) 
TRADING: DOWN/ACCELERATED-DOWNSIDE TREND-CONFIRMED THROUGH 379-SELLING 
TARGETS: ((379-361) 343 325) 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-DOWN-RANGE (1186-844)
TRADING: DOWN/DECELERATED-DOWNSIDE TREND-TESTED/CLOSED BELOW 931-NET SELLING

TARGETS: (960 (931-902) 873) COMMITMENTS OF TRADERS-(JUN05)-NET SHORT COVERING 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 1.83MMT PROJECTED         
TRENDS: PRICE-DOWN-LAST OPEN INTEREST-DOWN-VOLUME DOWN-RANGE (575-387)            
TRADING: DOWN/DECELERATED-CLOSED BELOW CONVERGENCE/TREND/505-SELLING-

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

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE-DOWN/MODERATE-LAST OPEN INTEREST DOWN BUYING-VOLUME DOWN
TRADINGDOWN-ACCELERATED-TESTED TREND CLOSED BELOW@7635-SELLING
TARGETS: ((7718-7635) 7553 7470) COMMITMENTS OF TRADERS-(JUN05)-NET BUYING LONG

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