Saturday, August 11, 2018

FARM COMMODITIES-TREND ANALYSIS-CLOSE AUGUST 10/2018

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 UP-RANGE (449-325)
TRADING: MOVE DOWN/MORE MOMENTUM-OVERSOLD TREND-CLOSED MID 379-361-SELLING
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 UP-RANGE (1186-826)
TRADING: DOWN/MORE MOMENTUM-UPSIDE TREND-CLOSED@SUPPORT MID 873-844-SELLING
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 FLAT-RANGE (575-387)
TRADING: MOVE DOWN/MORE MOMENTUM-ABOVE TREND-SUPPORT UPSIDE 544-NET SELLING
TARGETS: (584-564-544) 525)-COMMITMENTS REPORT/COMMERCIAL SHORT SELLING

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00
TRENDS: PRICE DOWN-OPEN INTEREST UP/NEW-VOLUME UP-RANGE (8295-6810)
TRADING: FLAT/LESS FORCE-MET SUPPORT@TREND ABOVE 7635-NET SELLING
TARGETS: (7800 (7718-7635) 7553)-COMMITMENTS REPORT/NON-COMMERCIAL C0VERING
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