Monday, August 27, 2018

GRAINS/CADUSD-TREND ANALYSIS-AUG 27/2018

MARKETS: PRICE SUPPLY/EMAND USING PREVAILING MOMENTUM OF TRADING
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 DOWN/ORIGINAL-OPEN INTEREST DOWN/LESS-VOLUME UP-RANGE (449-325
TRADING: MOVE DOWN/MORE MOMENTUM-BELOW TREND-CLOSED@361/SUPPORT-NET SELLING
TARGETS: (343 (361-379) 397)-COMMITMENTS REPORT: NON COMMERCIAL SHORT COVERING

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 7.67MMT PROJECTED
TRENDS: PRICE DOWN/3RD REVISED-OPEN INTEREST DOWN-VOLUME UP-RANGE (1186-826)
TRADING: MOVE DOWN/MORE FORCE-BELOW TREND-TESTED/CLOSED ABOVE 844-OFFSET BUYING
TARGETS: (902 (873-844) 815)-COMMITMENTS REPORT: NON COMMERCIAL SHORT COVERING

WHEAT (SEP/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 1.92MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST DOWN-VOLUME FLAT-RANGE (575-387)
TRADING: MOVE DOWN/STEEP-MORE FORCE-ON TREND-TESTED/CLOSED BELOW 505-SELLING
TARGETS: (544-(525-505) 485)-COMMITMENTS REPORT: NON COMMERCIAL LONG/SHORT SELLING

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00
TRENDS: PRICE UP-OPEN INTEREST UP-VOLUME UP-RANGE (8295-6810)
TRADING: MOVE UP/MORE MOMENTUM-ABOVE TREND-MET RESISTANCE@7718-NET BUYING
TARGETS: (7800 (7718-7635) 7553)-COMMITMENTS REPORT/NON COMMERCIAL LIQUIDATION

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