Tuesday, June 19, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 19/2018 

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 UP-VOLUME UP-RANGE (449-325) 
TRADING: BOTTOM SPIKE/ACCELERATED-OVERSOLD-TESTED 343/CLOSED NEAR 361-IN OFFSET 
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 DOWN-VOLUME-UP-RANGE (1186-844)
TRADING: BOTTOM SPIKE/ACCELERATED-OVERSOLD-TESTED 844/CLOSED NEAR 902-IN OFFSET

TARGETS: (931-(902 873 844)) 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: DOWN/ACCELERATED-OVERSOLD TREND-TESTED 466/CLOSED ABOVE-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 VIRTUALLY FLAT
TRADINGDOWN-ACCELERATED-ON TREND-TESTED SUPPORT@7553-SELLING
TARGETS: (7718 (7635-7553) 7470) NET COMMITMENTS: (JUN12)-NON COMMERCIAL COVERING
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