Thursday, September 06, 2018

GRAINS/CADUSD-TREND ANALYSIS-SEPT 6/2018

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 DOWN-VOLUME DOWN-RANGE (449-325)
TRADING: MOVE UP/LESS VOLATILITY-OVERSOLD-RESISTANCE/MID 379/361-MATCHED
TARGETS: (397 (379-361) 343)-COMMITMENTS: NON COMMERCIAL SELLING 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 DOWN-RANGE (1186-826)
TRADING: UP-MOVE FLAT/LESS VOLATILITY-DOWNSIDE TREND-MID 852/826-OFFSET 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: DOWN/LESS FORCE-LOW INSIDE CONVERGING LINES-MET RESISTANCE@525-SELLING
TARGETS: (564 (544-525)-505)-COT REPORT: NON COMMERCIAL/NON REPORTABLE LIQUIDATION

DOLLAR CAD/USD: (SEP/18) DAILY LIMIT $4.00
TRENDS: PRICE UP-OPEN INTEREST UP-VOLUME DOWN-RANGE (8295-6810)
TRADING: MOVE FLAT/MORE VOLATILITY-MET RESISTANCE BELOW TREND/7635, NET BUYING
TARGETS: (7553 (7635-7718) 7800)-COMMITMENTS" NON COMMERCIAL ACCUMULATION

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