Sunday, February 24, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-FEB22/2019-FRIDAY

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: DOWN-VOLUME: UP (343-409)
TRADED: FLAT-LOST MOMENTUM-OFFSET SELLING-IN MAJOR MINOR CONVERGENCE BELOW 380
TARGETS: (343 (362-380) 399)-COT FEB05/2019-NON COMMERCIALS-MORE 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. OPEN INTEREST: DOWN. VOLUME: UP. (812-1067)
TRADED: FLAT-LOST MOMENTUM-OFFSET SELLING-SUPPORT@CLOSED ON MINOR-MID 926/897
TARGETS: (869 (897-926) 954)-COT FEB05/2019-COMMERCIALS MORE 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: FLAT- VOL: DOWN (405-593)
TRADED: UP-LOST MOMENTUM-MATCHED-BELOW MINOR-TESTED/CLOSED ABOVE SUPPORT@485   
TARGETS: (466 (485-505) 525)-COT FEB05/2019-COMMERCIALS MORE NET LONG

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: PRICE: MAJOR/DOWN-MINOR/UP. OPEN INTEREST: UP-STEEP. VOLUME: FLAT
TRADED: UP-GAINED MOMENTUM-BUYING-CLOSED ABOVE RESISTANCE@PREVIOUS HIGHS@7600 
TARGETS: (7480 (7566-7653) 7739)-FEB05/2019-COMMERCIALS-MORE NET LONG

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