Thursday, September 13, 2018

GRAINS/CADUSD-TREND ANALYSIS-SEP13/2018

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-OPEN INTEREST UP-VOLUME LOW/FLAT-RANGE (449-325)
TRADING: DOWN-LESS VOLATILITY-OVERSOLD-CONFIRMED BELOW BOTTOM/361-NET SELLING
TARGETS: (379 (361-343) 325)-COMMITMENTS: COMMERCIAL LIQUIDATION LONG/SHORT

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 2.32/MMT PROJECTED
TRENDS: PRICE DOWN/3RD REVISED-OPEN INTEREST UP/MORE-VOLUME-FLAT-RANGE (1186-826)
TRADING: UP-LESS VOLATILITY-UPSIDE TREND-RESISTANCE INSIDE 852/844 STRONG-NET SELLING
TARGETS: (880 (852-826) 797)-COMMITMENTS REPORT: NON COMMERCIAL SHORT SELLING

WHEAT (DEC/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 2.33/MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST UP-VOLUME FLAT-RANGE (575-387)
TRADING: DOWN-LESS VOLATILITY-OVERSOLD-BREAKOUT BELOW CONVERGENCE/505-NET SELLING
TARGETS: (525 (505-485) 466)-COMMITMENTS REPORT: COMMERCIAL LIQUIDATION LONG AND SHORT

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00
TRENDS: PRICE UP-OPEN INTEREST UP/LESS-VOLUME UP-RANGE (8295-6810)
TRADING: UP-MOVE UP-LESS VOLATILITY-ABOVE TREND-BELOW 7718-NET BUYING
TARGETS: (7553 (7635-7718) 7800)-COMMITMENTS REPORT: COMMERCIAL LONG ACCUMULATION

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