Monday, December 24, 2018

GRAIN-CAD/USD-TREND ANALYSIS-DEC 24/2018

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TREND; DOWN-LINE JOINING DOWNWARD MAJOR HIGHS, UP-LINE JOINING UPWARD MAJOR LOWS
TRADING: DIRECTION. VOLATILITY: HIGH-LOW PRICE RANGE LENGTH. ACTIVITY TREND TARGET 
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (MAR/19): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 7.92MMT
TRENDS: PRICE DOWN. OPEN INTEREST FLAT. VOLUME DOWN, RANGE (409-343)
TRADING: FLAT-STEADY-MATCHED OFFSET-BELOW TREND-RESISTANCE@380 HELD-MOVE DOWN
TARGETS: (343 (362-380) 399)-COMMITMENTS: NON COMMERCIAL: ACCUMULATION+COVERING

SOYS (JAN/19): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 3.25/MMT
TRENDS: PRICE UP/LESS. OPEN INTEREST DOWN, VOLUME DOWN, RANGE (1067-812)
TRADING: DOWN-LESS VOLATILE-MATCHED OFFSET-ON/CLOSED BELOW TREND/897-MOVE DOWN
TARGETS: (840 (869-897) 926)-COMMITMENTS: COMMERCIAL SHORT SELLING

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 1.29MMT
TRENDS: PRICE UP/LESS-2OF3 REVISIONS. OPEN INTEREST FLAT. VOLUME DOWN. RANGE (405-593)
TRADING: DOWN-LESS VOLATILE-NET BUYING-UPSIDE TREND-ABOVE 505-MOVE DOWN
TARGETS: 485 (505-525) 544)-COMMITMENTS: COMMERCIAL LONG LIQUIDATION+SHORT SELLING

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00
TRENDS: PRICE DOWN, OPEN INTEREST UP, VOLUME DOWN , RANGE (8295-6810)
TRADING: DOWN-LESS VOLATILE-MATCHED SELLING-ABOVE TREND-BELOW 7393-MOVE DOWN
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS: NON REPORTABLE SHORT SELLING+LIQUIDATION

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