FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 14/2018
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
TRADING: DOWN/ACCELERATED-DOWNSIDE
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
TRENDS: PRICE-DOWN-LAST OPEN INTEREST-DOWN-VOLUME DOWN-RANGE (575-387)
TRADING: DOWN/DECELERATED-CLOSED BELOW CONVERGENCE/TREND/505-SELLING-
TRENDS: PRICE-DOWN/MODERATE-LAST OPEN INTEREST DOWN BUYING-VOLUME DOWN
TRADING: DOWN-ACCELERATED-TESTED TREND CLOSED BELOW@7635-SELLING
TARGETS: ((7718-7635) 7553 7470) COMMITMENTS OF TRADERS-(JUN05)-NET BUYING LONG
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