Tuesday, June 26, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 26/2018
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: PRICE DOWN-OPEN INTEREST DOWN MONDAY/EXPIRY-VOLUME FLAT-RANGE (449-325) 
TRADING: MOVE FLAT-LESS FORCE-ALONG TREND-TRADITIONAL SUPPORT@343-NET BUYING 
TARGETS: (379-(361-343) 325) NET COMMITMENTS: (JUN19)-NON COMMERCIAL SHORT SELLING 

SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 0.32MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST DOWN MONDAY-VOLUME DOWN-RANGE (1186-844)
TRADING: DOWN-LESS FORCE-ON TREND-PENETRATED/CLOSED BELOW 873-NET SELLING

TARGETS: (931 (902-873) 844) NET COMMITMENTS: (JUN 19)-NON COMMERCIAL SHORT SELLING 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 1.83MMT PROJECTED         
TRENDS: PRICE DOWN-
OPEN INTEREST FLAT MONDAY-VOLUME@EXPIRY-RANGE (575-387)            
TRADING: DOWN/MOVE DOWN-LESS FORCE-ALONG TREND-MET SUPPORT@466-NET SELLING
TARGETS: (505 (485-466) 446) NET COMMITMENTS:(JUN19)-COMMERCIAL SHORT COVERING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE-DOWN/LESS STEEP-OPEN INTEREST/MONDAY UP/LESS-VOLUME DOWN
TRADINGFLAT/LOWER HIGH-LESS FORCE--ON TREND-BELOW 7553 LEVEL-MATCHED BUYING
TARGETS: (7718 7635 (7553-7470) NET COMMITMENTS: (JUN19)-NON COMMERCIAL COVERING

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