Wednesday, February 20, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-FEB20/2019

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 31.03MMT 
TRENDS: PRICE: MAJOR/UP-MINOR/DOWN OPEN INTEREST: UP/MORE-VOLUME: UP (343-409)
TRADED: FLAT-LOST MOMENTUM-MIXED-TESTED RESISTANCE/CLOSED ON MAJOR-MID (380/-362)
TARGETS: (343 (362-380) 399)-COT JAN29/2019-NON COMMERCIALS-LESS NET LONG

SOYBEAN (MAR/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: 2018/19 UP 8.63MMT-REVISED
TRENDS: PRICE: MAJOR/UP-MINOR/DOWN-LESS. OPEN INTEREST: UP. VOLUME: FLAT. (812-1067)
TRADED: FLAT-LOST MOMENTUM-OFFSET BUYING-TESTED/CLOSE ABOVE MINOR/897 AS SUPPORT
TARGETS: (869 (897-926) 954)-COT JAN29/2019-HEDGERS-LESS LONG TRADERS NOW NET LONG

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS : 2018/19 DOWN 12.49MMT
TRENDS: PRICE: MAJOR/DOWN-MINOR/DOWN-STEEP. OPEN INTEREST: UP- VOL: FLAT (405-593)
TRADED: LOWER-GAINED MOMENTUM-NET SELLING-BELOW MINOR-CLOSED BELOW SUPPORT@485   
TARGETS: (466 (485-505) 525)-COT JAN29/2019-HEDGERS-LESS LONG TRADERS NOW NET LONG 

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: PRICE: MAJOR/DOWN-MINOR/UP. OPEN INTEREST: FLAT. VOLUME: FLAT
TRADED: HIGHER-LOST MOMENTUM-BUYING-ABOVE MINOR/RESISTANCE@7566/DOUBLE HIGHS
TARGETS: (7480 (7566-7653) 7739)-JAN29/2019-COMMERCIALS-MORE NET LONG 

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