FARM COMMODITIES-TREND ANALYSIS-AUGUST 13/2018-ON CLOSE

MARKETS: PRICE SUPPLY/EMAND USING PREVAILING MOMENTUM OF TREADING
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 UP 0.80MMT PROJECTED
TRENDS: PRICE UP/LESS-OPEN INTEREST DOWN/LESS-VOLUME DOWN-RANGE (449-325)
TRADING: MOVE DOWN/LESS MOMENTUM-OVERSOLD TREND-IN LOWER 361-379-OFFSET BUYING
TARGETS: (343 (361-379) 397)-COMMITMENTS REPORT/NON COMMERCIAL SHORT COVERING

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 7.67MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST DOWN/LESS-VOLUME DOWN-RANGE (1186-826)
TRADING: DOWN/LESS MOMENTUM-ON TREND-RESISTANCE/CLOSED DOWNSIDE 873-NET BUYING
TARGETS: (902 (873-844) 815)-COMMITMENTS REPORT/COMMERCIAL LONG ACCUMULATION

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 1.92MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST DOWN/LESS-VOLUME DOWN-RANGE (575-387)
TRADING: MOVE DOWN/LESS MOMENTUM-OVERBOUGHT TREND-RESISTANCE@544-SELLING
TARGETS: (564 (544-525) 505)-COMMITMENTS REPORT/COMMERCIAL SHORT SELLING

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00
TRENDS: PRICE DOWN-OPEN INTEREST UP-VOLUME DOWN-RANGE (8295-6810)
TRADING: DOWN/LESS MOMENTUM-OVERSOLD TREND MET RESISTANCE@7635-MATCHED
TARGETS: (7718 (7635-7553) 7470)-COMMITMENTS REPORT/NON-COMMERCIAL C0VERING