Wednesday, January 09, 2019

GRAIN-CAD/USD-TREND ANALYSIS-JAN09/2019

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 FLAT. OPEN INTEREST UP/MORE. VOLUME UP/FLAT. RANGE (343-409)
TRADING: FLAT/DAYS-LESS VOLATILE-NET BUYING-ABOVE MAJOR-ALONG SUPPORT@380
TARGETS: (343 (362-380) 399)-COMMITMENTS OF TRADERS: NO REPORT

SOYBEAN (MAR/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS 18/19 PROJECTED UP 3.25/MMT
TRENDS: MAJOR UP/MORE-MINOR UP/LESS STEEP. OPEN INTEREST UP/DAY, VOLUME UP, (812-1067)
TRADING: UP-LESS VOLATILE-NET BUYING-ABOVE MAJOR-BELOW MINOR-RESISTANCE@926 PREVAILS
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 UP/LESS STEEP. OPEN INTEREST FLAT. VOLUME UP. RANGE (405-593)
TRADING: FLAT-LESS VOLATILE-MIXED SELLING-ABOVE MAJOR-BELOW MINOR/525-LOWER HIGH 
TARGETS: 485 (505-525) 544)-COMMITMENTS OF TRADERS: NO REPORT

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00
TRENDS: MAJOR DOWN/LESS-MINOR UP/STEEP, OPEN INTEREST DOWN, VOLUME UP, (7330-8295)
TRADING: UP/GAP-LESS VOLATILE-NET BUYING-ABOVE MAJOR-TESTED/CLOSED ABOVE 7566
TARGETS: (7393-(7480-7566) 7653)-COMMITMENTS OF TRADERS: NO REPORT

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