Saturday, August 04, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE AUGUST 03/2018

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 DOWN 2.73MMT PROJ
TRENDS: PRICE UP-OPEN INTEREST DOWN/LESS-VOLUME DOWN-RANGE (449-325) 
TRADING: FLAT MOVE/LESS MOMENTUM-ON TREND-CLOSED ABOVE 379-NET BUYING-
TARGETS: (361 (379-397) 415)-COMMITMENTS REPORT/NON COMMERCIAL SHORT COVERING

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 11.25MMT PROJ
TRENDS: PRICE DOWN-OPEN INTEREST DOWN/LESS-VOLUME DOWN-RANGE (1186-826)
TRADING: UP/LESS MOMENTUM-ABOVE TREND-RESISTANCE@902-OFFSET BUYING

TARGETS: (931 (902-873) 844)-COMMITMENTS REPORT/COMMERCIAL SHORT COVERING 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 5.28MMT PROJ
TRENDS: PRICE DOWN/LESS-OPEN INTEREST UP/LESS-VOLUME UP-RANGE (575-387) 
TRADING: DOWN-MOVE UP/LESS MOMENTUM-ABOVE TREND-TESTED 564-NET SELLING
TARGETS: (584-(564-544) 525)-COMMITMENTS REPORT/NON COMMERCIAL BUYING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST DOWN/LESS-VOLUME UP-RANGE (8295-6810)
TRADING: MOVE FLAT/MORE MOMENTUM-ON TREND-RESISTANCE@7718-NET BUYING
TARGETS: (7800 (7718-7635) 7553)-COMMITMENTS REPORT/NON-COMMERCIAL C0VERING
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