Friday, December 14, 2018

GRAIN-CAD/USD-TREND ANALYSIS-DEC/14/2018

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/FLAT. OPEN INTEREST UP/LESS. VOLUME DOWN, RANGE (409-343)
TRADING: UP-MORE VOLATILE-NET BUYING-DOWNSIDE TREND-ABOVE 380-MOVE UP-CONVERGENCE
TARGETS: (343 (362-380) 399)-COMMITMENTS/MOMENTUM: NON COMMERCIALS MORE LONG

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/WEEKLY, VOLUME FLAT, RANGE (1067-812)
TRADING: DOWN-LESS VOLATILE-NET SELLING-BELOW TREND-MET MULTIPLE SUPPORT@897
TARGETS: (869 (897-926) 954)-COMMITMENTS/MOMENTUM: COMMERCIALS MORE LONG

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 1.29MMT
TRENDS: PRICE UP/LESS. OPEN INTEREST DOWN/MONTHLY. VOLUME FLAT RANGE (405-593)
TRADING: FLAT-LESS VOLATILE-NET SELLING-DOWNSIDE TREND-SUPPORT ABOVE 525-MOVE UP
TARGETS: (485 (505-525) 544)-COMMITMENTS MOMENTUM: NON COMMERCIALS NOW MORE LONG

DOLLAR CAD/USD: (DEC/18) DAILY LIMIT $4.00
TRENDS: PRICE DOWN, OPEN INTEREST DOWN, VOLUME DOWN, RANGE (8295-6810)
TRADING: DOWN-STEADY-NET SELLING-PARALLEL ABOVE TREND-CLOSED@7480-MOVE UP
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS MOMENTUM: COMMERCIALS MORE LONG

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