FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 04/2018
TRENDS: PRICE 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 43.63MMT PROJECTED
TRADING: MOVE DOWN/ACCELERATED
TARGETS: (397 379 361 343) COMMITMENTS OF TRADERS-(MAY 29)-NET BUYING LONG
SOYBEANS (JUL/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS DOWN 4.10MMT PROJECTED
TRENDS: PRICE UP/LESS-OPEN INTEREST-(JUN01) FLAT (OFFSET BUYING)-LONG RANGE (1186-844)
TRADING: MOVE DOWN/ACCELERATED-OFF/ABOVE REVISED TREND-MET SUPPORT@1002-SELLING
TARGETS: (931 960 989 1018) COMMITMENTS OF TRADERS-(MAY29)-NET BUYING LONG
TRENDS: PRICE-UP-OPEN INTEREST-(JUN01) FLAT (OFFSET SELLING)-RANGE (575-387)
TRADING: MOVE DOWN/ACCELERATED-OFF/BELOW TREND-MET SUPPORT@503-SELLING
TRENDS: PRICE DOWN/MORE-OPEN INTEREST(JUN01) UP (SHORT SELLING)
TRADING: UP-MOVE DOWN-DECELERATED-ON TREND TESTED RESISTANCE@7745-NET BUYING
TARGETS: (7883 7800 7718 7635) COMMITMENTS OF TRADERS-(MAY 29)-NET BUYING LONG
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