Thursday, September 20, 2018

GRAINS/CAD.USD-TREND ANALYSIS-SEP.20/2018

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/MORE-VOLUME UP-RANGE (449-325)
TRADING: MOVE/UP-MORE/VOLATILE-NET BUYING-POTENTIAL/BOTTOM-NEW TREND/UP
TARGETS: (343-362) 380 399)-COMMITMENTS: NON 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-VOLUME-FLAT/UP-RANGE (1186-826)
TRADING: MOVE/UP-MORE/VOLATILE-NET BUYING-POTENTIAL/BOTTOM-NEW TREND/UP-
TARGETS: (812-840-869) 897)-COMMITMENTS REPORT: COMMERCIAL LONG ACCUMULATION

WHEAT (DEC/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 2.33/MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST DOWN-VOLUME DOWN-RANGE (575-387)
TRADING: FLAT-LESS/VOLATILE-OFFSET BUYING-ABOVE TREND-MET 525/RESISTANCE
TARGETS: (544 (525-505)-485)-COMMITMENTS REPORT: NON COMMERCIAL SHORT SELLING 

DOLLAR CAD/USD: (DEC/18) DAILY LIMITU $4.00
TRENDS: PRICE UP-OPEN INTEREST-DOWN-VOLUME UP-RANGE (8295-6810)
TRADING: MOVE/UP-LESS/VOLATILE-OFFSET SELLING-ABOVE TREND-MET RESISTANCE@LAST HIGH
TARGETS: (7566 (7653-7739) 7826)-COMMITMENTS REPORT: COMMERCIAL LONG ACCUMULATION

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