TUESDAY, JULY 31, 2018

FARM COMMODITIES-TREND ANALYSIS-CLOSE JULY 31/2018

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 UP-ULTIMATE RANGE (449-325) 
TRADING: UP/MORE MOMENTUM-ABOVE TREND-CONSECUTIVE CLOSE UP ABOVE 379-BULLISH  
TARGETS: (361 (379-397) 415)-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/LESS-VOLUME UP-ULTIMATE RANGE (1186-826)
TRADING: UP/HIGH MOMENTUM-ABOVE TREND-RESISTANCE@OLD HIGH/931-BEAR SQUEEZE ??
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 UP-VOLUME FLAT-ULTIMATE RANGE (575-387)
TRADING: MOVE UP/MORE MOMENTUM-ABOVE TREND-RESISTANCE@OLD HIGH/565-NO BREAKOUT
TARGETS: (584 (565-545)-525)-COMMITMENTS-MOMENTUM-COMMERCIAL SELLING/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/MORE MOMENTUM-RESISTANCE@TREND/DOWNSIDE 7718-OFFSET BUYING
TARGETS: (7800 (7718-7635) 7553)-COMMITMENTS-FORCE-COMMERCIAL SELLING SHORT/SELLING