Wednesday, February 27, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-FEB26/27 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: DOWN/FLAT-VOLUME: DOWN (343-409)
TRADED: DOWN-STEADY MOMENTUM-NET SELLING-3RD CLOSE BELOW MAJOR@362
TARGETS: (343 (362-380) 399)-COT FEB12/2019-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. OPEN INTEREST: DOWN/FLAT. VOLUME: DOWN. (812-1067)
TRADED: FLAT-LOST MOMENTUM-OFFSET SELLING-ON MINOR-MEETING SUPPORT@897
TARGETS: (869 (897-926) 954)-COT FEB12/2019-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: DOWN-LOST MOMENTUM-NET SELLING-BELOW MINOR/466 AS RESISTANCE    
TARGETS: (426 (446-466) 485)-COT FEB12/2019-NON COMMERCIALS LESS NET LONG

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: PRICE: MAJOR/DOWN-MINOR/UP. OPEN INTEREST: DOWN. VOLUME: FLAT
TRADED: UP-LOST MOMENTUM-SELLING-RESISTANCE@MAJOR/7600-MINOR AS SUPPORT 
TARGETS: (7480 (7566-7653) 7739)-FEB12/2019-COMMERCIALS-LESS NET LONG

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