Monday, August 20, 2018

GRAINS-CADUSD-TREND ANALYSIS-AUG 20/2018

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 UP 0.80MMT PROJECTED
TRENDS: PRICE UP/LESS-OPEN INTEREST DOWN/LESS-VOLUME DOWN/FLAT-RANGE (449-325
TRADING: LOWER-EVEN MOMENTUM-TOWARD TREND-RESISTANCE@379 PREVAILING-NET SELLING
TARGETS: (343 (361-379) 397)-COMMITMENTS REPORT/OFFSET COVERING/LIQUIDATION

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 7.67MMT PROJECTED
TRENDS: PRICE DOWN/TESTED-OPEN INTEREST DOWN/MORE-VOLUME DOWN-RANGE (1186-826)
TRADING: HIGHER-LESS MOMENTUM-AWAY FROM TREND-RESISTANCE AGAIN@902-NET SELLING
TARGETS: (931 (902-873) 844)-COMMITMENTS REPORT/NON COMMERCIAL LONG LIQUIDATION

WHEAT (SEP/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 1.92MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST DOWN-VOLUME DOWN-RANGE (575-387)
TRADING: FLAT/LESS MOMENTUM-ABOVE TREND-RESISTANCE AGAIN@564-SELLING
TARGETS: (584 (564 544)-525)-COMMITMENTS REPORT/LIQUIDATION/SHORT SELLING

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00
TRENDS: PRICE DOWN-OPEN INTEREST UP/MORE-VOLUME FLAT-RANGE (8295-6810)
TRADING: FLAT MOVE/MORE MOMENTUM-CLOSED ABOVE TREND/7635-@TOP-MNET BUYING
TARGETS: (7718 (7635-7553) 7470)-COMMITMENTS REPORT/NON COMMERCIAL LIQUIDATION

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