FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 27/2018

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 DOWN-VOLUME DOWN-ULTIMATE RANGE (449-325) 
TRADING: DOWN/EQUAL-ABOVE TREND-RESISTANCE@379/PREVIOUS HIGH-OFFSET BUYING  
TARGETS: (343 (361-379) 397) COMMITMENTS-MOMENTUM-COMMERCIAL BUYING  

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: FLAT/MORE MOMENTUM-ON TREND-RESISTANCE@TREND/LAST HIGHS/902-NET BUYING
TARGETS: (931 (902-873) 844)-COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

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: DOWN/LESS MOMENTUM -ABOVE TREND-RESISTANCE@545/LAST BIG HIGH-NO BREAKOUT
TARGETS: (565 (545-525)-505)   COMMITMENTS-MOMENTUM-COMMERCIAL SELLING/SHORT SELLING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00                     
TRENDS: PRICE DOWN/LESS-OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (8295-6810)
TRADING: FLAT/LESS MOMENTUM-BELOW/PARALLEL TREND-SUPPORT@7635-OFFSET SELLING
TARGETS: (7800 (7718-7635) 7553) COMMITMENTS-FORCE-COMMERCIAL SELLING SHORT/SELLING