Wednesday, June 06, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 06/2018 

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) DOWN)-VOLUME-FLAT-RANGE (449-325) 
TRADING: MOVE DOWN/ACCELERATED-UPSIDE INITIAL TREND-GOOD SUPPORT@379-NET SELLING 
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 

WHEAT (JUL/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 6.89MMT         
TRENDS: PRICE-UP-OPEN INTEREST-(JUN05) DOWN-VOLUME DOWN-RANGE (575-387)            
TRADING: UP-MOVE UP/ACCELERATED-BELOW TREND-GOOD RESISTANCE@527-NET BUYING

TARGETS: (479 (503-527) 551) 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-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

No comments:

Google+