Wednesday, September 26, 2018

GRAINS-CAD/USD-TREND ANALYSIS-SEP 26/2018

MARKETS: PRICE SUPPLY/EMAND DURING PREVAILING VOLATILITY 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 1.54/MMT PROJECTED
TRENDS: PRICE DOWN/3RD REVISED-OPEN INTEREST DOWN-VOLUME UP-RANGE (449-325)
TRADING: MOVE/UP-LESS/MOMENTUM-MATCHED-ON TREND-TESTED/CLOSED ABOVE 362
TARGETS: (343 (362-380) 399)-COMMITMENTS/MOMENTUM: NON COMMERCIAL SHORT SELLING

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 2.32/MMT PROJECTED
TRENDS: PRICE DOWN/3RD REVISED-OPEN INTEREST DOWN-VOLUME-UP-RANGE (1186-826)
TRADING: FLAT-MOVE/UP-LESS/MOMENTUM-NET SELLING-UNABLE CLOSE ABOVE PREVIOUS HIGHS
TARGETS: (812 (840-869) 897)-COMMITMENTS/MOMENTUM: NON COMMERCIAL SHORT SELLING

WHEAT (DEC/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 2.33/MMT PROJECTED
TRENDS: PRICE UP/MONTHLY-OPEN INTEREST DOWN-VOLUME UP/FLAT-RANGE (575-387)
TRADING: MOVE/UP-STEADY MOMENTUM-NET SELLING-ON/CLOSED BELOW TREND/525
TARGETS: (485 (505-525) 544)-COMMITMENTS MOMENTUM: NON COMMERCIAL SHORT SELLING 

DOLLAR CAD/USD: (DEC/18) DAILY LIMITU $4.00
TRENDS: PRICE UP-OPEN INTEREST DOWN-VOLUME FLAT/DOWN-RANGE (8295-6810)
TRADING: MOVE/DOWN-MORE MOMENTUM-NET SELLING-ABOVE/CLOSER TO TREND-BELOW 7739
TARGETS: (7566 (7653-7739) 7826)-COMMITMENTS MOMENTUM: COMMERCIAL SHORT COVERING

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