Thursday, December 27, 2018

GRAIN-CAD/USD-TREND ANALYSIS-DEC/27/2018

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADING: DIRECTION. VOLATILE: LENGTH OF HIGH-LOW PRICE RANGE. 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: MAJOR UP-MINOR DOWN. OPEN INTEREST FLAT. VOLUME DOWN, RANGE (409-343)
TRADING: INSIDE DAY-LESS FORCE-NET SELLING ABOVE MAJOR/ALONG MINOR TREND-RESISTANCE
TARGETS: (343 (362-380) 399)-COMMITMENTS: NON COMMERCIAL: ACCUMULATION+COVERING

SOYS (JAN/19): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 3.25/MMT
TRENDS: MAJOR UP-MINOR DOWN. OPEN INTEREST DOWN, VOLUME DOWN, (1067-812)
TRADING: DOWN-LESS FORCE-NET SELLING-ABOVE MAJOR/BELOW MINOR TREND-TESTED 869
TARGETS: (840 (869-897) 926)-COMMITMENTS: COMMERCIAL SHORT SELLING

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 1.29MMT
TRENDS: MAJOR UP-MINOR DOWN. OPEN INTEREST FLAT. VOLUME FLAT. RANGE (405-593)
TRADING: DOWN-LESS VOLATILE-IN OFFSET-ABOVE MAJOR/ALONG MINOR TREND-ABOVE 505
TARGETS: 485 (505-525) 544)-COMMITMENTS: COMMERCIAL LONG LIQUIDATION+SHORT SELLING

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00
TRENDS: MAJOR DOWN-MINOR DOWN, OPEN INTEREST FLAT, VOLUME UP, RANGE (8295-6810)
TRADING: DOW-MORE VOLATILE-NET SELLING-ABOVE MAJOR/ON MINOR TREND-ABOVE 7310
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS: NON REPORTABLE SHORT SELLING+LIQUIDATION

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