Thursday, February 14, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-FEB13/14-2019

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-VOLUME: DOWN (343-409)
TRADING: LOWER-GAINED MOMENTUM-SELLING-RESISTANCE@MINOR@380 HELD-LOWER HIGH
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 8.63MMT-REVISED
TRENDS: PRICE: MAJOR/UP-MINOR/DOWN. OPEN INTEREST: FLAT. VOLUME: FLAT. (812-1067)
TRADING: LOWER-GAINED MOMENTUM-SELLING-CLOSED BELOW MINOR-ABOVE 897-LOWER HIGH 
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 DOWN 12.49MMT
TRENDS: PRICE: MAJOR/UP-MINOR/DOWN. OPEN INTEREST: UP- VOLUME: FLAT (405-593)
TRADING: LOWER-GAINED MOMENTUM-SELLING-CLOSED BELOW MAJOR ABOVE RESISTANCE@505  
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/DOWN-MINOR/DOWN. OPEN INTEREST: FLAT. VOLUME: UP
TRADING: LOWER-GAINED MOMENTUM-NET SELLING-ON MAJOR/MINOR-BELOW7566-LOWER HIGH
TARGETS: (7480 (7566-7653) 7739)-COT JAN08/2019-TRADERS MORE 

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