Monday, June 18, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 18/2018 

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-VOLUME DOWN-RANGE (449-325) 
TRADING: DOWN/DECELERATED-OVERSOLD TREND-RESISTANCE@/CLOSED BELOW361-SELLING 
TARGETS: (379-(361-343) 325) NET COMMITMENTS: (JUN12)-NON COMMERCIAL SHORT SELLING 

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 0.32MMT PROJECTED
TRENDS: DOWN/STEEP-LAST OPEN INTEREST UP-VOLUME-DOWN-RANGE (1186-844)
TRADING: DOWN/DECELERATED-OVERSOLD TREND-TESTED/CLOSED ABOVE 902-NET BUYING

TARGETS: (960 (931-902) 873) NET COMMITMENTS: (JUN 12)-NON COMMERCIAL SHORT SELLING 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 1.83MMT PROJECTED         
TRENDS: PRICE-DOWN/STEEP-LAST OPEN INTEREST-DOWN-VOLUME DOWN-RANGE (575-387)            
TRADING: FLAT/DECELERATED-BESIDE TREND-ABOVE SUPPORT@485/PREVIOUS LOW-NET-SELLING-

TARGETS: ((505-485) 466 446) NET COMMITMENTS:(JUN12)-NON COMMERCIAL LONG SELLING 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE-DOWN/STEEP-LAST OPEN INTEREST UP-VOLUME DOWN
TRADINGDOWN-DECELERATED-ON REVISED TREND-MET SUPPORT@7553-NET SELLING
TARGETS: (7718 (7635-7553) 7470) NET COMMITMENTS: (JUN12)-NON COMMERCIAL COVERING

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