Sunday, February 10, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-FEB08/2019

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 2018/19: DOWN 14.72MMT 
TRENDS: PRICE: MAJOR/UP-MINOR/DOWN OPEN INTEREST: UP-VOLUME: UP (343-409)
TRADING: LOWER-GAINED MOMENTUM-NET SELLING-RESISTANCE@MINOR/380 PREVAILING
TARGETS: (343 (362-380) 399)-COT JAN08/2019-HEDGERS-MORE NET SHORT-SOLD OUT LONG

SOYBEAN (MAR/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: 2018/19: UP 17.24MMT
TRENDS: PRICE: MAJOR/UP-MINOR/UP. OPEN INTEREST: UP. VOLUME: UP. (812-1067)
TRADING: LOWER-STEADY MOMENTUM-NET BUYING-BELOW MINOR/HIGHER CLOSE-IN 897-926 
TARGETS: (869 (897-926) 954)-COT JAN08/2019-TRADERS-HEDGERS-EQUAL OFFSET MOVES

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS : 2018/19 UP: 8.73MMT
TRENDS: PRICE: MAJOR/UP-MINOR/FLAT. OPEN INTEREST: UP-LESS. VOLUME: UP (405-593)
TRADING: FLAT-LOST MOMENTUM-NET SELLING-BELOW MINOR/525-HIGHER CLOSE  
TARGETS: 485 (505-525) 544)-COT JAN08/2019-TRADERS-HEDGERS-EQUAL OFFSET MOVES

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: PRICE: MAJOR/FLAT-MINOR/DOWN. OPEN INTEREST: DOWN. VOLUME: UP
TRADING: LOWER-LOST MOMENTUM-NET BUYING-BELOW MINOR AND RESISTANCE@7566
TARGETS: (7480 (7566-7653) 7739)-COT JAN08/2019-TRADERS MORE NET SHORT-SOLD LONG

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