Thursday, January 10, 2019

GRAINS-CAD/USD-TREND ANALYSIS-JAN10/2019

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 DOWN. OPEN INTEREST/UP-MORE. VOLUME/FLAT. RANGE (343-409)
TRADING: DOWN/DAY-MORE VOLATILE-SELLING-ABOVE MAJOR-LOWER HIGH-CLOSED BELOW 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 DOWN. OPEN INTEREST UP, VOLUME FLAT, (812-1067)
TRADING: DOWN/DAY-MORE VOLATILE-SELLING-ABOVE MAJOR-TOP OF MINOR-DOUBLE TOP@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 DOWN. OPEN INTEREST FLAT. VOLUME FLAT. RANGE (405-593)
TRADING: DOWN-MORE VOLATILE-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-MINOR UP/LESS, OPEN INTEREST DOWN, VOLUME DOWN, (7330-8295)
TRADING: FLAT-LESS VOLATILE-NET SELLING-ABOVE MAJOR-ASIDE MINOR-RESISTANCE@7566
TARGETS: (7393-(7480-7566) 7653)-COMMITMENTS OF TRADERS: NO REPORT

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