Thursday, August 02, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE AUGUST 02/2018

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 UP-ULTIMATE RANGE (449-325) 
TRADING: FLAT/EQUAL MOMENTUM-ON TREND-MET SUPPORT@379-OFFSET SELLING
TARGETS: (361 (379-397) 415)-COMMITMENTS-MOMENTUM-COMMERCIAL BUYING 

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

TARGETS: (931 (902-873) 844)-COMMITMENTS-MOMENTUM-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-VOLUME UP-ULTIMATE RANGE (575-387) 
TRADING: UP/MORE MOMENTUM-ABOVE TREND-CLOSEDBELOW SU[PPORT@564-BUYING
TARGETS: (603 (584-564) 544)-COMMITMENTS-MOMENTUM-COMMERCIAL SELLING/SHORT SELLING 

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00 
TRENDS: PRICE DOWN-OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (8295-6810)
TRADING: MOVE FLAT/MORE MOMENTUM-ON TREND-BELOW 7718-NET SELLING-TOPPY
TARGETS: (7800 (7718-7635) 7553)-COMMITMENTS-COMMERCIAL SELLING SHORT/SELLING
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