Monday, December 10, 2018

GRAIN-CAD/USD-TREND ANALYSIS-DEC/10/2018

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TREND; DOWN-LINE JOINING DOWNWARD MAJOR HIGHS, UP-LINE JOINING UPWARD MAJOR LOWS
TRADING: DIRECTION-MOMENTUM (PRICE RANGE LENGTH)-ACTIVITY-TRENDS-TARGETS
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES RESISTANCE/SUPPORT

CORN (MAR/19): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS UP 2.32/MMT PROJECTED
TRENDS: PRICE-DOWN. OPEN INTEREST UP/FLAT. VOLUME DOWN, RANGE (449-325)
TRADING: FLAT-LITTLE FORCE-MATCHED-ABOVE TREND/380/TOP OF GAP-FLAT CONSOLIDATION
TARGETS: (343 (362-380) 399)-COMMITMENTS/MOMENTUM: COMMERCIAL LONG LIQUIDATION

SOYBEAN (JAN/19): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS UP 1.28/MMT PROJECTED
TRENDS: PRICE UP/LESS. OPEN INTEREST DOWN, VOLUME DOWN, RANGE (1067-812)
TRADING: FLAT-LESS FORCE-NET SELLING-ON TREND-SUPPORT MID 897-926-ISLAND FORMATION
TARGETS: (869 (897-926) 954)-COMMITMENTS/MOMENTUM: NON COMMERCIAL COVERING

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS DOWN 1.11/MMT PROJECTED
TRENDS: PRICE UP. OPEN INTEREST FLAT. VOLUME FLAT RANGE (405-593)
TRADING: FLAT-LESS FORCE-SELLING-BACK ON TREND-TESTED/CLOSED@ 525 AS SUPPORT
TARGETS: (485 (505-525) 544)-COMMITMENTS MOMENTUM: NON COMMERCIAL LIQUIDATION 

DOLLAR CAD/USD: (DEC/18) DAILY LIMIT $4.00
TRENDS: PRICE DOWN, OPEN INTEREST DOWN, VOLUME DOWN, RANGE (8295-6810)
TRADING: DOWN-MORE FORCE/DAILY-SELLING-ABOVE TREND-TESTED/CLOSED BELOW 7480
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS MOMENTUM: COMMERCIAL ACCUMULATION

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