FARM COMMODITIES-TREND ANALYSIS-CLOSE AUGUST 01/2018

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 PROJECTED 

TRENDS: PRICE UP-OPEN INTEREST DOWN/LESS-VOLUME UP-ULTIMATE RANGE (449-325) 
TRADING: DOWN/MORE MOMENTUM-ON TREND-SUPPORT/CLOSE@379-SELLING.TOPPY
TARGETS: (361 (379-397) 415)-COMMITMENTS-MOMENTUM-COMMERCIAL BUYING 

SOYBEANS (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 11.25MMT PROJECTED
TRENDS: PRICE DOWN/LESS-OPEN INTEREST DOWN-VOLUME DOWN-ULTIMATE RANGE (1186-826)
TRADING: FLAT/LESS MOMENTUM-ABOVE TREND-SUPPORT/CLOSE@902-SELLING-TOPPY
TARGETS: (960 (931-902)-873)-COMMITMENTS-MOMENTUM-COMMERCIAL SHORT COVERING 

WHEAT (SEP/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 5.28MMT PROJECTED
TRENDS: PRICE DOWN/LESS-OPEN INTEREST UP-VOLUME FLAT-ULTIMATE RANGE (575-387) 
TRADING: MOVE UP-STEEP/LESS MOMENTUM-ABOVE TREND-RESISTANCE@565-NO BREAKOUT
TARGETS: (584 (565-545)-525)-COMMITMENTS-MOMENTUM-COMMERCIAL SELLING/SHORT SELLING 

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