Monday, October 01, 2018

GRAINS-CAD//USD-TREND ANALYSIS-OCT 1/2018

MARKETS: PRICE SUPPLY/EMAND DURING PREVAILING MOMENTUM 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/WEAK-OPEN INTEREST DOWN/FLAT-VOLUME UP-RANGE (449-325)
TRADING: FLAT-STEADY/MOMENTUM-BUYING-ON TREND-RESISTANCE@PREVIOUS HIGHS
TARGETS: (325 (343-362) 380)-COMMITMENTS/MOMENTUM: NON COMMERCIAL SHORT COVERING

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 2.32/MMT PROJECTED
TRENDS: PRICE DOWN-OPEN INTEREST FLAT-VOLUME-FLAT-RANGE (1186-826)
TRADING: MOVE UP/LESS-GAINED/MOMENTUM-NET/BUYING-ABOVE TREND-NO TREND UP SIGNAL
TARGETS: (812 (840-869) 897)-COMMITMENTS/MOMENTUM: NON COMMERCIAL SHORT COVERING

WHEAT (DEC/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS UP 2.33/MMT PROJECTED
TRENDS: PRICE UP/MONTHLY-OPEN INTEREST DOWN/LESS-VOLUME/UP-RANGE (575-387)
TRADING: FLAT-MOVE/DOWN LOST/MOMENTUM-MATCHED-BELOW TREND-SUPPORT@505
TARGETS: (485 (505-525) 544)-COT-MOMENTUM: NON COMMERCIAL SHORT COVERING

DOLLAR CAD/USD: (DEC/18) DAILY LIMITU $4.00
TRENDS: PRICE UP-OPEN INTEREST DOWN/LESS-VOLUME UP-RANGE (8295-6810)
TRADING: UP/GAP-STEADY/MOMENTUM-NET BUYING-ABOVE TREND-CLOSED ABOVE 7826
TARGETS: (7653-(7739-7826) 7912)-COMMITMENTS: COMMERCIAL LONG LIQUIDATION

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