FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 18/2018
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/DECELERATED-OVERSOLD TREND
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
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-
TRENDS: PRICE-DOWN/STEEP-LAST OPEN INTEREST UP-VOLUME DOWN
TRADING: DOWN-DECELERATED-ON REVISED TREND-MET SUPPORT@7553-NET SELLING
TARGETS: (7718 (7635-7553) 7470) NET COMMITMENTS: (JUN12)-NON COMMERCIAL COVERING
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