GRAINS-CAD/USD-TREND ANALYSIS-OCT 16/2018

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS; DIRECTION: 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 2.32/MMT PROJECTED
TRENDS: PRICE UP/WEEKLY-OPEN INTEREST DOWN-VOLUME FLAT-RANGE (449-325)
TRADING: FLAT-LOST MOMENTUM-MOVE UP-NET SELLING-ON TREND-RESISTANCE@380
TARGETS: (343 (362-380) 399)-COMMITMENTS/MOMENTUM: NON COMMERCIAL SHORT COVERING

SOYBEAN (NOV/18): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 1.28/MMT PROJECTED
TRENDS: PRICE DOWN LAST REVISED LESS-OPEN INTEREST DOWN-VOLUME DOWN-RANGE (1067-826)
TRADING: FLAT-LOST MOMENTUM-MOVE UP-NET SELLING-ABOVE TREND-LOWER CLOSE-MID 869-897
TARGETS: (840 (869-897) 926)-COMMITMENTS/MOMENTUM: NON COMMERCIAL LONG LIQUIDATION

WHEAT (DEC/18): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 1.11/MMT PROJECTED
TRENDS: PRICE DOWN/MONTHLY-OPEN INTEREST SLOW RISE-VOLUME FLAT-RANGE (405-593)
TRADING: UP-LOST MOMENTUM-MATCHED BUYING-ABOVE TREND-MET/CLOSED@525 AS RESISTANCE
TARGETS: (485 (505-525) 545)-COT MOMENTUM: COMMERCIAL/COMMERCIAL LONG ACCUMULATION 

DOLLAR CAD/USD: (DEC/18) DAILY LIMIT $4.00
TRENDS: PRICE UP-OPEN INTEREST FLAT-VOLUME DOWN-RANGE (8295-6810)
TRADING: UP-STEADY MOMENTUM-MOVE UP-NET BUYING-MET RESISTANCE@TREND/7739
TARGETS: (7566 (7653-7739)-7826)-COT/MOMENTUM NON COMMERCIAL SHORT COVERING