Wednesday, October 10, 2018

GRAINS.CAD/USD-TREND ANALYSIS-OCT 10/2018

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/LAST REVISED UP-OPEN INTEREST/DOWN-VOLUME/FLAT -RANGE (449-325)
TRADING: DOWN-LOST/MOMENTUM-MATCHED-ABOVE TREND-TESTED BOTTOM OF MOVE/@362
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/LAST REVISED UP-OPEN INTEREST/DOWN-VOLUME/FLAT-RANGE (1067-826)
TRADING: MOVE DOWN-GAINED/MOMENTUM-NET/SELLING-BELOW TREND-RESISTANCE/MID 869-840
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 FLAT/WEEKLY-OPEN INTEREST FLAT-VOLUME FLAT-RANGE (405-593)
TRADING:DOWN-MOVE/FLAT-LOST/MOMENTUM-SELLING-BELOW TREND-RESISTANCE-MID 525/505
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 DOWN-VOLUME FLAT/DOWN-RANGE (8295-6810)
TRADING: DOWN-MOVE/DOWN-GAINED/MOMENTUM-SELLING-CLOSED BELOW TREND-ABOVE 7653
TARGETS: (7566 (7653-7739)-7826)-COMMITMENTS/MOMENTUM COMMERCIAL SHORT SELLING

No comments:

Google+