Thursday, December 20, 2018

OFF FARM GRAIN-CAD/USD-TRENDS-DEC20/2018

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 UP, RANGE (409-343)
TRADING: DOWN-MORE VOLATILE-SELLING-BELOW RESISTANCE/TREND-THROUGH SUPPORT@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 FLAT, VOLUME FLAT, RANGE (1067-812)
TRADING: DOWN-MORE VOLATILE-NET SELLING-BELOW TREND-THROUGH 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 FLAT. VOLUME FLAT RANGE (405-593)
TRADING: FLAT-LESS VOLATILE -OFFSET SELLING-ABOVE NEW 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 , RANGE (8295-6810)
TRADING: DOWN-LESS VOLATILE-OFFSET SELLING-ABOVE TREND/SUPPORT@7393-MOVE DOWN
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS MOMENTUM: COMMERCIALS MORE LONG

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