Wednesday, December 19, 2018

GRAIN-CAD/USD-TREND ANALYSIS-DEC/19/2018

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/GRADUAL. OPEN INTEREST FLAT. VOLUME DOWN, RANGE (409-343)
TRADING: DOWN-VOLATILITY UP-SELLING-RESISTANCE@TREND PREVAILED-TO ABOVE 380
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/MODERATE. OPEN INTEREST DOWN, VOLUME FLAT, RANGE (1067-812)
TRADING: DOWN-VOLATILITY STEADY-SELLING-DOWNSIDE TREND-SUPPORT@897-MOVE FLAT
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/MODERATE. OPEN INTEREST DOWN/GRADUAL. VOLUME FLAT RANGE (405-593)
TRADING: DOWN-VOLATILITY UP-SELLING-CLOSED BELOW TREND SUPPORT@525-MOVE DOWN
TARGETS: (505 (525-544) 564)-COMMITMENTS MOMENTUM: NON COMMERCIALS NOW MORE LONG

DOLLAR CAD/USD: (,MAR/19) DAILY LIMIT $4.00
TRENDS: PRICE DOWN, OPEN INTEREST UP, VOLUME DOWN FLAT, RANGE (8295-6810)
TRADING: DOWN-VOLATILITY STEADY-NET SELLING-ABOVE TREND-BELOW 7480-MOVE DOWN
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS MOMENTUM: COMMERCIALS MORE LONG

No comments:

Google+