Thursday, June 07, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 07/2018 

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/STEEP-OPEN INTEREST-UP SHORT SELLING-VOLUME UP-RANGE (449-325) 
TRADING: MOVE DOWN/ACCELERATED-UPSIDE INITIAL TREND-TESTED 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 DOWN/STEEP-OPEN INTEREST UP SHORT SELLING-VOLUME-UP-RANGE (1186-844)
TRADING: MOVE DOWN/ACCELERATED-ON NEW TREND-ON WAY TO 680 (PROJECTED)-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/MORE-OPEN INTEREST-UP LONG BUYING-VOLUME FLAT-RANGE (575-387)            
TRADING: UP-GOOD MOVE UP/DECELERATED-ON TREND-MET RESISTANCE BELOW 545-NET BUYING

TARGETS: (485 (505-525-545) 565) COMMITMENTS OF TRADERS-(MAY29)-NET BUYING LONG 

DOLLAR CAD/USD: (JUN/18) DAILY LIMIT $4.00                               RANGE (8295-6810)
TRENDS: PRICE DOWN/MODERATE-OPEN INTEREST FLAT-VOLUME DOWN                     
TRADING: DOWN-MOVE DOWN-DECELERATED-RESISTANCE@TREND-SUPPORT@7718-NET SELLING
TARGETS: (7883 7800 7718 7635) COMMITMENTS OF TRADERS-(MAY 29)-NET BUYING LONG

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