Wednesday, July 18, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 18/2018 

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 2.73MMT PROJECTED

TRENDS: PRICE DOWN-OPEN INTEREST FLAT-VOLUME DOWN-ULTIMATE RANGE (449-325) 
TRADING: UP/LESS MOMENTUM-FLAT MOVE-OVERBOUGHT VS TREND-AGAIN RESISTANCE@TOP/361  
TARGETS: (379-(361-343) 325) COMMITMENTS-MOMENTUM-NON COMMERCIAL SHORT SELLING  

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 11.25MMT PROJECTED
TRENDS: PRICE DOWN/LESS-OPEN INTEREST FLAT-VOLUME DOWN-ULTIMATE RANGE (1186-826)
TRADING: UP/LESS MOMENTUM-PENETRATED/CLOSED ABOVE TREND-MID 844-873-NET BUYING

TARGETS: (902 (873-844) 815)-COMMITMENTS-MOMENTUM-NON COMMERCIAL/COMMERCIAL OFFSET 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 5.28MMT PROJECTED          
TRENDS: PRICE DOWN/LESS-
OPEN INTEREST FLAT-VOLUME DOWN-ULTIMATE RANGE (575-387)
TRADING: MOVE UP/LESS MOMENTUM-ON TREND AS SUPPORT-MET RESISTANCE@5O5-NET SELLING
TARGETS: (525 (505-485) 466) COMMITMENTS-MOMENTUM-NON COMMERCIAL/COMMERCIAL FLAT 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                     
TRENDS: PRICE DOWN-OPEN INTEREST FLAT-VOLUME FLAT-ULTIMATE RANGE (8295-6810)
TRADING: DOWN/MORE MOMENTUM-OVEROLD VS TREND-MET SUPPORT@7553-OFFSET BUYING
TARGETS: (7718 (7635-7553) 7470) COMMITMENTS-MOMENTUM-NON COMMERCIAL LIQUIDATION
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