Tuesday, January 08, 2019

GRAINS-CAD/USD-TREND ANALYSIS -JAN08/2019

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 UP/LESS. OPEN INTEREST UP/MORE. VOLUME UP. RANGE (343-409)
TRADING: FLAT/DAYS-MORE VOLATILE-NET SELLING-ABOVE MAJOR-TOPPY-ON 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/STEEP. OPEN INTEREST FLAT, VOLUME FLAT, (812-1067)
TRADING: DOWN-MORE VOLATILE-NET SELLING-ABOVE MAJOR-DOWNSIDE MINOR-NEW HIGH@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 FLAT. VOLUME UP/DAY. RANGE (405-593)
TRADING: FLAT-MORE VOLATILE-MIXED SELLING-ABOVE MAJOR-DOWNSIDE MINOR/525 
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, O/I NT I DOWN, VOLUME UP, RANGE (7330-8295)
TRADING: FLAT-LESS VOLATILE-NET BUYING-ABOVE MAJOR-RESISTANCE@ MINOR-BELOW 7566
TARGETS: (7310 (7393-7480) 7566)-COMMITMENTS OF TRADERS: NO REPORT

No comments:

Google+