Friday, February 01, 2019

GRAINS/(MAJOR)-CAD/USD-TREND ANALYSIS-FEB01/2019

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/DOWN DAY-VOLUME/DOWN DAY (343-409)
TRADING:FLAT-LOST MOMENTUM-MIXED LIQUIDATION-MINOR/380 AS RESISTANCE PREVAILING.
TARGETS: (343 (362-380) 399)-REPORT DEC24/2018-NON COMMERCIALS-LESS NET LONG

SOYBEAN (MAR/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: NO REPORT
TRENDS: MAJOR/UP-MINOR/DOWN. OPEN INTEREST/UP DAY. VOLUME/FLAT. (812-1067)
TRADING: HIGHER-GAINED MOMENTUM-SHORT SELLING-ABOVE MINOR-@RESISTANCE@926 
TARGETS: (869 (897-926) 954)-REPORT DEC 24/2018-NON COMMERCIALS-LESS NET LONG

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS : NO REPORT
TRENDS: MAJOR/UP-MINOR/DOWN. OPEN INTEREST/FLAT DAY. VOLUME/UP (405-593)
TRADING: HIGHER-GAINED MOMENTUM-MIXED BUYING-ABOVE MINOR-RESISTANCE@525 HELD  
TARGETS: 485 (505-525) 544)-REPORT DEC 24/2018-NON COMMERCIALS LESS NET LONG

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: MAJOR/UP-MINOR/UP. OPEN INTEREST/UP DAY. VOLUME/UP-FLAT.
TRADING: HIGHER-GAINED MOMENTUM-NET BUYING-CLOSED ABOVE MINOR/RESISTANCE@7566
TARGETS: (7480 (7566-7653) 7739)-DEC 24/2018-NON COMMERCIALS MORE NET SHORT

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