Friday, September 07, 2018

GRAINS/CADUSD-TREND ANALYSIS-SEP 7/2018

MARKETS: PRICE SUPPLY/EMAND USING 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 FLAT-VOLUME DOWN-RANGE (449-325)
TRADING: MOVE UP-MORE VOLATILITY-BELOW TREND-RESISTANCE MID 379/361-OFFSET BUYING
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 FLAT-VOLUME-FLAT-RANGE (1186-826)
TRADING: TEST OF TOP OF MOVE FLAT-MORE VOLATILITY-ON TREND-MID 852/826-NET BUYING
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: DOWN-LESS VOLATILITY-ON UPWARD CONVERGING LINE-SUPPORT UPSIDE 505-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-RANGE (8295-6810)
TRADING: UP-LESS VOLATILITY-DOWNSIDE TREND/7635, NET SELLING
TARGETS: (7475 (7553-7635) 7718)-COMMITMENTS REPORT: COMMERCIAL LONG ACCUMULATION

No comments:

Google+