Friday, June 29, 2018

FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 29/2018 

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 (DEC/18): DAILY LIMIT $0.40/BU 
WORLD ENDING STOCKS DOWN 4.46MMT PROJECTED

TRENDS: DOWN/LESS-OPEN INTEREST FLAT TODAY-VOLUME UP-RANGE (449-325) 
TRADING: UP-MOVE FLAT-MOMENTUM UP-ON TREND-RESISTANCE/CLOSED BELOW 379-SELLING 
TARGETS: (397 (379-361) 343) COMMITMENTS-MOMENTUM-NON COMMERCIAL LONG LIQUIDATION  

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 0.32MMT PROJECTED
TRENDS: DOWN/STEEP-OPEN INTEREST UP TODAY-VOLUME UP-RANGE (1186-844)
TRADING: DOWN-MOVE DOWN-MOMENTUM-UP-ON TREND-873 AS SUPPORT-SELLING

TARGETS: (931 (902-873) 844) -COMMITMENTS-MOMENTUM-NON COMMERCIAL SHORT SELLING 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 1.83MMT PROJECTED          
TRENDS: DOWN-
OPEN INTEREST UP TODAY-VOLUME UP-RANGE (575-387)
TRADING: UP-MOMENTUM UP-ON TREND-BOTTOM@485-TESTED/CLOSED BELOW 505
TARGETS: (525 (505-485)-466) COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: DOWN/LESS-OPEN INTEREST FLAT/DOWN TODAY-VOLUME UP
TRADING: UP-MOMENTUM UP-ON REVISED TREND-RESISTANCE@7365-DOUBLE BOTTOM
TARGETS: (7718 (7635-7553) 7470) COMMITMENTS-MOMENTUM-COMMERCIAL COVERING
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