Friday, October 05, 2018

GRAINS-CAD/USD-TREND ANALYSIS-OCT 5/2018

MARKETS: PRICE SUPPLY/EMAND 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 1.54/MMT PROJECTED
TRENDS: PRICE DOWN/GRADUAL-OPEN INTEREST DOWN/MORE-VOLUME UP -RANGE (449-325)
TRADING: FLA/MOVE-GAINED/MOMENTUM-OFFSET/BUYING-MORE/RESISTANCE@PREVIOUS HIGHS
TARGETS: (343 (362-380) 399)-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 DOWN-VOLUME-UP-RANGE (1067-826)
TRADING: FLAT-GAINED/MOMENTUM-NET/BUYING-ABOVE/TREND-MORE/RESISTANCE-CLOSED@869
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 UP/FLAT-VOLUME/DOWN/FLAT-RANGE (405-593)
TRADING: UP-STEADY/MOMENTUM-NET/BUYING-ON/TREND-MORE/RESISTANCE5-CLOSED/BELOW 525
TARGETS: (485 (505-525) 545)-COT MOMENTUM: COMMERCIAL/NON COMMERCIAL SHORT SELLING

DOLLAR CAD/USD: (DEC/18) DAILY LIMITU $4.00
TRENDS: PRICE UP-OPEN INTEREST FLAT-VOLUME FLAT-RANGE (8295-6810)
TRADING: DOWN-LOST/MOMENTUM-NET/SELLING-CLOSED ABOVE/TREND-BELOW/7739-FILLED/GAP
TARGETS: (7653-(7739-7826) 7912)-COMMITMENTS/MOMENTUM COMMERCIAL SHORT SELLING

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