Tuesday, September 11, 2018

GRAINS/CADUSD-TREND ANALYSIS-SEP 11/2018

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 0.80MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST DOWN/LESS-VOLUME FLAT-RANGE (449-325)
TRADING: UP-MOVE FLAT-STEADY VOLATILITY-RESISTANCE@TREND/MID 379/361-MATCHED
TARGETS: (397 (379-361) 343)-COMMITMENTS: COMMERCIAL LIQUIDATION LONG/SHORT

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 7.67MMT PROJECTED
TRENDS: PRICE DOWN/3RD REVISED-OPEN INTEREST UP/MORE-VOLUME-FLAT-RANGE (1186-826)
TRADING: DOWN-MORE VOLATILITY-ON/CLOSED BELOW TREND-ABOVE 826-LOWER HIGH-SELLING
TARGETS: (880 (852-826) 797)-COMMITMENTS REPORT: NON COMMERCIAL SHORT SELLING

WHEAT (DEC/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 1.92MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST FLAT-VOLUME FLAT-RANGE (575-387)
TRADING: UP-LESS VOLATILITY-TESTED/CLOSED BELOW CONVERGING TREND LINE/525-NET SELLING
TARGETS: (544 (525-505) 485)-COMMITMENTS REPORT: COMMERCIAL LIQUIDATION LONG AND SHORT

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00
TRENDS: PRICE UP-OPEN INTEREST UP-VOLUME UP/LESS-RANGE (8295-6810)
TRADING: UP-MOVE UP-STEADY VOLATILITY-BELOW TREND/7635-TESTING LOWS@7600 NET BUYING
TARGETS: (7475 (7553-7635) 7718)-COMMITMENTS REPORT: COMMERCIAL LONG ACCUMULATION

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