Wednesday, January 23, 2019

MAJOR GRAINS-CAD/USD-TRENDS-JAN23/2019

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM/FORCE 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/UP. VOLUME/DOWN. (343-409)
TRADING: FLAT-ON HOLD FORCE-MATCHED-ABOVE MAJOR-@MINOR/380-CONVERGENCE
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. OPEN INTEREST/UP-SLOW. VOLUME/DOWN. (812-1067)
TRADING: FLAT-LESS FORCE=NET BUYING-ABOVE MAJOR-GOOD RESISTANCE@MINOR/926
TARGETS: (869 (897-926) 954)-COMMITMENTS OF TRADERS: NO REPORT

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS : NO REPORT
TRENDS: MAJOR/UP-MINOR/UP-LESS. OPEN INTEREST/FLAT. VOLUME/UP (405-593)
TRADING: FLAT-LESS FORCE-BUYING-ABOVE MAJOR@MINOR-MORE RESISTANCE@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-MINOR/UP-LESS. OPEN INTEREST/DOWN-FLAT. VOLUME/DOWN.
TRADING: DOWN-LESS FORCE-SELLING-BELOW MAJOR-BELOW MINOR-@7480/SUPPORT
TARGETS: (7393-(7480-7566) 7653)-COMMITMENTS OF TRADERS: NO REPORT

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