Wednesday, January 02, 2019

GRAIN-CAD/USD-TREND ANALYSIS-JAN/02/2019

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 UP. VOLUME FLAT, RANGE (409-343)
TRADING: FLAT/DAYS-LESS VOLATILE-MATCHED-ABOVE MAJOR-ABOVE MINOR TRENDS-BELOW 380
TARGETS: (343 (362-380) 399)-COMMITMENTS OF TRADERS: NO REPORT

SOYS (MAR/19): DAILY LIMIT $1.15/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 3.25/MMT
TRENDS: MAJOR UP/MORE-MINOR DOWN/LESS. OPEN INTEREST FLAT DAY, VOLUME UP, (1067-812)
TRADING: UP-MORE VOLATILE-BUYING-ABOVE MAJOR-BOTTOM OF MINOR TRENDS-ABOVE 879
TARGETS: (869 (897-926) 954)-COMMITMENTS OF TRADERS: NO REPORT

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 1.29MMT
TRENDS: MAJOR UP-MINOR DOWN/LESS. OPEN INTEREST UP. VOLUME UP. RANGE (405-593)
TRADING: DOWN/DAY-STEADY-NET BUYING-TOP OF MAJOR-BOTTOM OF MINOR TRENDS-TESTED 505
TARGETS: 485 (505-525) 544)-COMMITMENTS OF TRADERS: NO REPORT

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00
TRENDS: MAJOR DOWN-MINOR DOWN, OPEN INTEREST FLAT/DAY, VOLUME DOWN, RANGE (8295-6810)
TRADING: UP-MORE VOLATILE-NET BUYING-ABOVE MAJOR-BOTTOM OF MINOR TRENDS-ABOVE 7310
TARGETS: (7227 (7310 -7393) 7480)-COMMITMENTS OF TRADERS: NO REPORT

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