Saturday, January 05, 2019

GRAINS-CAD/USD-TREND ANALYSIS-JAN04/2019

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/MORESO-MINOR UP/STEEP. OPEN INTEREST UP. VOLUME UP, RANGE (343-409)
TRADING: UP/DAY-STEADY-BUYING-ABOVE MAJOR-ON MINOR-PENETRATED/CLOSED ABOVE 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/STEEP. OPEN INTEREST FLAT, VOLUME UP, (812-1067)
TRADING: UP-MORE VOLATILE-BUYING-ABOVE MAJOR-ON MINOR-CLOSE/BELOW RESISTANCE@926
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/STEEP. OPEN INTEREST TOPPY. VOLUME FLAT. RANGE (405-593)
TRADING: UP-LESS VOLATILE-NET BUYING-ABOVE MAJOR-ON MINOR AS SUPPORT-MID 505-525
TARGETS: 485 (505-525) 544)-COMMITMENTS OF TRADERS: NO REPORT

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00
TRENDS: MAJOR DOWN-MINOR UP/STEEP, OPEN INTEREST DOWN, VOLUME UP, RANGE (7330-8295)
TRADING: UP-LESS VOLATILE-BUYING-ABOVE MAJOR-ON MINOR-MET RESISTANCE/CLOSED@7480
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS OF TRADERS: NO REPORT

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