Thursday, November 01, 2018

GRAINS-CAD/USD TREND ANALYSIS-NOV 01/2018

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-HIGHER LOW-OPEN INTEREST UP WEEKLY-VOLUME UP-RANGE (449-325)
TRADING: UP-MORE MOMENTUM-MOVE FLAT-TREND/SUPPORT-CLOSED UP ABOVE 362-NET BUYING
TARGETS: (343 (362-380) 399)-COMMITMENTS/MOMENTUM: NON COMMERCIAL SHORT COVERING

SOYBEAN (JAN/19): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 1.28/MMT PROJECTED
TRENDS: PRICE UP-1ST REVISION LESS -OPEN INTEREST UP-VOLUME UP-RANGE (1067-826)
TRADING: UP-MORE MOMENTUM-BREAKOUT UP-TESTED/CLOSED ABOVE NEW TREND/869-FIRM
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 FLAT-RANGE (405-593)
TRADING: UP-SAME MOMENTUM-MOVE UP-ABOVE TREND-TESTED/CLOSED ABOVE 505-BUYING
TARGETS: (466 (485-505) 525)-COMMITMENTS MOMENTUM: COMMERCIAL SHORT SELLING 

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

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