Tuesday, December 11, 2018

GRAIN-CAD/USD-TREND ANALYSIS-DEC/11/2018

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 18/19 PROJECTED UP 7.92MMT
TRENDS: PRICE-FLAT CONSOLIDATION. OPEN INTEREST UP/LESS. VOLUME FLAT, RANGE (449-325)
TRADING: FLAT-MORE FORCE-NET BUYING-ABOVE BOTTOM/380-FLAT TOP AS RESISTANCE
TARGETS: (343 (362-380) 399)-COMMITMENTS/MOMENTUM: COMMERCIAL LONG LIQUIDATION

SOYS (JAN/19): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 3.25/MMT
TRENDS: PRICE UP/LESS. OPEN INTEREST UP, VOLUME FLAT, RANGE (1067-812)
TRADING: FLAT-MORE FORCE-NET BUYING-ON/CLOSED ABOVE TREND-FLAT HIGHS AS RESISTANCE
TARGETS: (869 (897-926) 954)-COMMITMENTS/MOMENTUM: NON COMMERCIAL COVERING

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 1.29MMT
TRENDS: PRICE UP. OPEN INTEREST FLAT. VOLUME FLAT RANGE (405-593)
TRADING: DOWN-MORE FORCE-NET SELLING-ON/CLOSED BELOW TREND/525 AS RESISTANCE
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: FLAT-LESS FORCE-OFFSET BUYING-ABOVE TREND-BELOW 7480-TESTED LOW FOR MOVE
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS MOMENTUM: COMMERCIAL ACCUMULATION

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