Thursday, July 12, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 12/2018 

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS:  LINES DOWN-CONNECTING LOWER HIGHS, UP-CONNECTING HIGHER LOWS. 
TRADING: DIRECTION/LENGTH OF PRICE RANGE. RELATIVE TO MOVES TRENDS TARGETS

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES RESISTANCE SUPPORT


CORN (DEC/18): DAILY LIMIT $0.40/BU 
WORLD ENDING STOCKS DOWN 4.46MMT PROJECTED

TRENDS: DOWN/MODERATE-OPEN INTEREST FLAT-VOLUME UP-ULTIMATE RANGE (449-325) 
TRADING: FLAT-STEEP MOVE DOWN-MORE MOMENTUM-ALONG TREND-RESISTANCE@361-NET BUYING 
TARGETS: (379-(361-343) 325) COMMITMENTS-MOMENTUM-NON COMMERCIAL LONG LIQUIDATION  

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 0.32MMT PROJECTED
TRENDS: DOWN/REVISED DOWN-OPEN INTEREST UP-VOLUME FLAT-ULTIMATE RANGE (1186-844)
TRADING: STEEP MOVE DOWN-LESS MOMENTUM-ABOVE TREND-SUPPORT@844-NET BUYING

TARGETS: (902 (873-844) 815)-COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 1.83MMT PROJECTED          
TRENDS: DOWN/MODERATE-
OPEN INTEREST FLAT-VOLUME DOWN-ULTIMATE RANGE (575-387)
TRADING: FLAT-STEEP MOVE DOWN-LESS MOMENTUM-ALONG TREND-RESISTANCE@485-NET BUYING
TARGETS: ((505 (485-466) 446) COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                     
TRENDS: DOWN/MODERATE-OPEN INTEREST UP-VOLUME DOWN-ULTIMATE RANGE (8295-6810)
TRADING: DOWN/CORRECTION-LESS MOMENTUM-ABOVE SUPPORT@TREND/7553-NET BUYING
TARGETS: (7718 (7635-7553) 7470) COMMITMENTS-MOMENTUM-NON COMMERCIAL LIQUIDATION
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