Thursday, August 30, 2018

GRAINS/CADUSD-TREND ANALYSIS-AUG 30/2018

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/LESS-OPEN INTEREST DOWN-VOLUME FLAT-RANGE (449-325)
TRADING: MOVE FLAT/LESS MOMENTUM-OVERSOLD/361 AS RESISTANCE-MATCHED SELLING
TARGETS: (397 (379-361) 343)-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 FLAT-VOLUME DOWN-RANGE (1186-826)
TRADING: MOVE DOWN/MORE MOMENTUM-OVERSOLD-RESISTANCE MID 852-826-OFFSET SELLING
TARGETS: (880 (852-826) 797)-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 UP/STEADY-TREND/MOVE LINES CONVERGING-MET 525/RESISTANCE-NET 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/LESS-VOLUME FLAT-RANGE (8295-6810)
TRADING: DOWN/NORE MOMENTUM-OVERBOUGHT-TESTED/CLOSED BELOW 7718-SELLING
TARGETS: (7635 (7718-7800) 7883)-COMMITMENTS REPORT/NON COMMERCIAL LIQUIDATION

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