Thursday, January 17, 2019

GRAINS-CAD/USD-TREND ANALYSIS-JAN 17/2019

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADING: DIRECTION. MOMENTUM: 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: NO REPORT 
TRENDS: MAJOR/UP-MINOR/DOWN. OPEN INTEREST/FLAT. VOLUME/FLAT. (343-409)
TRADING: UP-MOMENTUM/UP-BUYING-ABOVE MAJOR-TESTED RESISTANCE@MINOR/380
TARGETS: (343 (362-380) 399)-COMMITMENTS OF TRADERS: NO REPORT

SOYBEAN (MAR/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: NO REPORT
TRENDS: MAJOR/UP-MINOR/DOWN-STEEP. OPEN INTEREST/UP. VOLUME/FLAT. (812-1067)
TRADING: UP-MOMENTUM/UP=BUYING-ABOVE MAJOR-UPSIDE MINOR/897-HIGHER LOW
TARGETS: (840 (869-897) 926)-COMMITMENTS OF TRADERS: NO REPORT

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS : NO REPORT
TRENDS: MAJOR/UP-MINOR/DOWN-LESS. OPEN INTEREST/FLAT. VOLUME/UP (405-593)
TRADING: UP-MOMENTUM/UP-NET BUYING-ABOVE MAJOR-TESTED MINOR-BELOW 525  
TARGETS: 485 (505-525) 544)-COMMITMENTS OF TRADERS: NO REPORT

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: MAJOR/DOWN-LESS-MINOR/UP-LESS. OPEN INTEREST/DOWN. VOLUME/FLAT.
TRADING: DOWN-MOMENTUM/UP-MATCHED BUYING-BELOW MAJOR/7566-ON MINOR
TARGETS: (7393-(7480-7566) 7653)-COMMITMENTS OF TRADERS: NO REPORT

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