FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 27/2018
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: UP-MOVE FLAT-STEADY FORCE-ON TREND
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 YESTERDAY-VOLUME DOWN-RANGE (1186-844)
TRADING: FLAT-MOVE DOWN-LESS FORCE-OVERBOUGHT-CLOSED BELOW 873-SELLING
TARGETS: (931 (902-873) 844) NET COMMITMENTS: (JUN 19)-NON COMMERCIAL SHORT SELLING
TRENDS: PRICE DOWN-
TRENDS: PRICE-DOWN/LESS STEEP-OPEN INTEREST DOWN YESTERDAY-VOLUME UP
TRADING: FLAT-MOVE FLAT-MORE FORCE-ON TREND-MORE SUPPORT@7470-OFFSET BUYING
TARGETS: (7635 (7553-7470) 7388) NET COMMITMENTS: (JUN19)-NON COMMERCIAL COVERING
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