Tuesday, July 03, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 03/2018 

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: PRICE/MOVES DOWN-ON LOWER HIGHS. PRICE UP-ON HIGHER LOWS. 
TRADING: POSITION/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/LESS-OPEN INTEREST UP-VOLUME FLAT-ULTIMATE RANGE (449-325) 
TRADING: FLAT-MOVE DOWN-TREND OVERSOLD-SUPPORT@361-LESS MOMENTUM-NET BUYING 
TARGETS: (397 (379-361) 343) COMMITMENTS-MOMENTUM-NON COMMERCIAL LONG LIQUIDATION  

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 0.32MMT PROJECTED
TRENDS: DOWN/STEEP-OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (1186-844)
TRADING: MOVE DOWN-ALONG/DOWNSIDE TREND-RESISTANCE@873-LESS MOMENTUM-SELLING

TARGETS: (905 (873-844) 815) -COMMITMENTS-MOMENTUM-NON COMMERCIAL SHORT SELLING 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 1.83MMT PROJECTED          
TRENDS: DOWN-
OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (575-387)
TRADING: FLAT-ON/DOWNSIDE TREND-PENETRATED RESISTANCE@485-LESS MOMENTUM-BUYING
TARGETS: (525 (505-485)-466) COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

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