Thursday, March 15, 2018


FARM COMMODITIES-TREND ANALYSIS-CLOSE MAR 15/2018 

MARKETS: PRICE SUPPLY/DEMAND USING PREVAILING MOMENTUM OF TRADING
TRENDS: MOVE DOWN-ON LOWER HIGHS.MOVE UP-ON HIGHER LOWS (PREVAILING MOMENTUM)
TRADING: POSITION OF PRICE RANGE, RELATIVE TO TRENDS,TARGETS, MOVES

TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES/RESISTANCE/SUPPORT


CORN (MAY/18):
 $0.25/BU.WORLD ENDING STOCKS PROJECTED DOWN 3.97 MMT            
TRENDS: PRICE-UP/MODERATE.OPEN INTEREST-UP/STEEP-FLAT.YEARLY RANGE-(325-449)           
TRADING: MOVE/DOWN.OVERBOUGHT.TESTING SUPPORT@388.NET SELLING.ACCELERATED

TARGETS: (379 383 (388 392) 397) MOMENTUM.NON COMMERCIAL BUYING LONG-COVERING SHORT 

SOYBEANS (MAY/18): $0.70/BU,WORLD ENDING STOCKS PROJECTED DOWN 3.74 MMT
TRENDS: PRICE-UP/LESS-REVISED.OPEN INTEREST-UP/MODERATE.YEARLY RANGE-(844-1186)
TRADING: MOVE/DOWN.ON/CLOSED@TREND.MINOR SUPPORT@1030.NET BUYING.DECELERATED

TARGETS: (989 (1018 1047) 1076) MOMENTUM.NON COMMERCIAL BUYING LONG 

WHEAT (MAY/18): $0.45/BU.WORLD ENDING STOCKS PROJECTED UP 2,79 MMT         
TRENDS: PRICE-UP/LESS STEEP.OPEN INTEREST-UP/LESS.YEARLY RANGE-(387-575)            
TRADING: MOVE/DOWN.OVERBOUGHT.SUPPORT BELOW 480.NET SELLING.ACCELERATED

TARGETS (MAJOR): (465 485 505) 525), MOMENTUM-COMMERCIAL BUYING LONG 

DOLLAR CAD/USD: (MAR/18)  4.00 DAILY LIMIT
TRENDS: PRICE-DOWN/MORE STEEP. OPEN INTEREST-UP/STEEP.YEARLY RANGE-(6810-8295)
TRADING: MLVE DOWN.ON TREND.MET SUPPORT@7657.SELLING.ACCELERATED
TARGETS (MAJOR) (7840 (7749 7657) 7566)MOMENTUM-COMMERCIAL SELLING SHORT

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