FARM COMMODITIES-TREND ANALYSIS-CLOSE AUGUST 08/2018

FARM COMMODITIES-TREND ANALYSIS-CLOSE AUGUST 08/2018

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/MORE-VOLUME DOWN/MORE-RANGE (449-325) 
TRADING: FLAT/LESS FORCE-RESISTANCE@TREND/TOP OF MOVE-ABOVE 379-OFFSET SELLING
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-VOLUME DOWN-RANGE (1186-826)
TRADING: UP/EQUAL FORCE-ABOVE TREND-TESTED/CLOSED HIGHER ABOVE 902-NET BUYING
TARGETS: (960 (931-902) 873)-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 DOWN-VOLUME DOWN-RANGE (575-387) 
TRADING: FLAT/LESS FORCE-ABOVE TREND-SUPPORT@564-LOWER HIGH-OFFSET SELLING
TARGETS: (603 (584-564)-544)-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: DOWN/MORE FORCE-CLOSED ABOVE TREND-MET SUPPORT@7635-NET BUYING
TARGETS: (7800 (7718-7635) 7553)-COMMITMENTS REPORT/NON-COMMERCIAL C0VERING