Tuesday, June 05, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 05/2018 

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
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

TRENDS: PRICE DOWN-OPEN INTEREST-(JUN05) UP (ACCUMULATION SHORT)-RANGE (449-325) 
TRADING: FLAT-MOVE DOWN/DECELERATED-DOWNSIDE TREND-MET SUPPORT@379-NET BUYING 
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-(JUN05) FLAT (OFFSET BUYING)-LONG RANGE (1186-844)
TRADING: MOVE DOWN/DECELERATED-SUPPORT@REVISED TREND/@PREVIOUS LOW-MATCHED

TARGETS: (931 960 (989-1018)) COMMITMENTS OF TRADERS-(MAY29)-NET BUYING LONG 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST-(JUN05) FLAT (OFFSET SELLING)-RANGE (575-387)            
TRADING: FLAT-MOVE DOWN/DECELERATED-OFF/BELOW TREND-SUPPORT@503-NET SELLING

TARGETS: (455 479 503 527) COMMITMENTS OF TRADERS-(MAY29)-NET BUYING LONG 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE DOWN/MORE-OPEN INTEREST(JUN05) FLAT (OFFSET)  
TRADING: MOVE DOWN-ACCELERATED-ON/DOWNSIDE TREND-MET SUPPORT@7635-NET SELLING
TARGETS: (7883 7800 7718 7635) COMMITMENTS OF TRADERS-(MAY 29)-NET BUYING LONG

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