FARM COMMODITIES-TREND ANALYSIS-CLOSE JUNE 07/2018
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 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
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
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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