Thursday, July 26, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 26/2018

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 UP/MORE-OPEN INTEREST UP/LESS-VOLUME UP-ULTIMATE RANGE (449-325) 
TRADING: MOVE UP/DECELERATED-ABOVE TREND-RESISTANCE-SELLING  
TARGETS: (343 (361-379) 397) 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 DOWN-VOLUME DOWN-ULTIMATE RANGE (1186-826)
TRADING: MOVE UP/ACCELERATED-ABOVE TREND-TESTED/CLOSED ABOVE 873-OFFSET 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-ABOVE TREND-RESISTANCE/545-BREAKOUT NOT CONFIRMED 
TARGETS: (565 (545-525-505) 485)  COMMITMENTS-MOMENTUM-COMMERCIAL SHORT SELLING 

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