Tuesday, October 30, 2018

GRAINS-CAD/USD TREND ANALYSIS OCT 30/2018

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-LESS/2ND REVISION-OPEN INTEREST FLAT DAY-VOLUME DOWN-RANGE (449-325)
TRADING: DOWN-LOST MOMENTUM-MOVE DOWN ABOVE REVISED TREND-CLOSED DOWN-NET SELLING
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-LESS/LAST REVISION -OPEN INTEREST DOWN-VOLUME DOWN-RANGE (1067-826)
TRADING: DOWN-LOST MOMENTUM-MOVE DOWN-BELOW TREND-CLOSED BELOW 840-NET SELLING
TARGETS: (812 (840-869) 897)-COMMITMENTS/MOMENTUM: NON COMMERCIAL SHORT COVERING

WHEAT (DEC/18):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 1.11/MMT PROJECTED
TRENDS: PRICE DOWN-LESS/1ST REVISION-OPEN INTEREST UP-VOLUME DOWN/FLAT-RANGE (405-593)
TRADING: UP-STEADY MOMENTUM-MOVE DOWN-ON/UPSIDE TREND-CLOSED BELOW 505-NET SELLING
TARGETS: (466 (485-505) 525)-COMMITMENTS MOMENTUM: COMMERCIAL SHORT SELLING 

DOLLAR CAD/USD: (DEC/18) DAILY LIMIT $4.00
TRENDS: PRICE DOWN-OPEN INTEREST FLAT/DAILY-VOLUME DOWN-RANGE (8295-6810)
TRADING: FLAT-LOST MOMENTUM-MOVE DOWN-BELOW TREND-/7653-MATCHGED
TARGETS: (7566 (7653-7739)-7826)-COT/MOMENTUM NON COMMERCIAL SHORT COVERING

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