Friday, July 20, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 20/2018 

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/LESS-OPEN INTEREST UP-VOLUME FLAT-ULTIMATE RANGE (449-325) 
TRADING: UP/DECELERATED-OVERBOUGHT TREND/361-MOVE TOWARD BREAKOUT UP-BUYING  
TARGETS: (397 (379-361) 343) 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 UP-VOLUME FLAT-ULTIMATE RANGE (1186-826)
TRADING: UP/ACCELERATED-MOVE UP-CONFIRMED BREAKOUT ABOVE TREND/TO 873-WEAK BUYING

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

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 5.28MMT PROJECTED          
TRENDS: PRICE DOWN/LESS-
OPEN INTEREST DOWN-VOLUME UP-ULTIMATE RANGE (575-387)
TRADING: MOVE UP/ACCELERATED-UPSIDE TREND/505-MOVE TOWARD BREAKOUt/ UP-BUYIING
TARGETS: (545 (525-505) 485)  COMMITMENTS-MOMENTUM-COMMERCIAL SHORT SELLING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                     
TRENDS: PRICE DOWN/LESS-OPEN INTEREST DOWN-VOLUME UP-ULTIMATE RANGE (8295-6810)
TRADING: UP/ACCELERATED-ONSIDE/CLOSED ABOVE TREND-MET RESISTANCE@7635-BUYING
TARGETS: (7718 (7635-7553) 7470) COMMITMENTS-MOMENTUM-NON COMMERCIAL COVERING
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