FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 06/2018
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-(JUN05) FLAT-VOLUME-DOWN-LONG RANGE (1186-844)
TRADING: MOVE DOWN/ACCELERATED-GOOD SUPPORT@TREND, 989, PREVIOUS LOW-SELLING
TARGETS: (931 960 (989-1018)) COMMITMENTS OF TRADERS-(MAY29)-NET BUYING LONG
TRENDS: PRICE-UP-OPEN INTEREST-(JUN05) DOWN-VOLUME DOWN-RANGE (575-387)
TRADING: UP-MOVE UP/ACCELERATED-BELOW TREND-GOOD RESISTANCE@527-NET BUYING
TRENDS: PRICE DOWN/MORE-OPEN INTEREST(JUN05) FLAT-VOLUME FLAT
TRADING: UP-MOVE DOWN-DECELERATED-ON TREND-RESISTANCE@7800 LEVEL-NET SELLING
TARGETS: (7883 7800 7718 7635) COMMITMENTS OF TRADERS-(MAY 29)-NET BUYING LONG
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