Wednesday, February 06, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-FEB06/2019

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: NO REPORT 
TRENDS: MAJOR/UP-MINOR/DOWN OPEN INTEREST/TREND UP-VOLUME/DOWN (343-409)
TRADING: FLAT-LOST MOMENTUM-SELLING-RESISTANCE@MINOR/380 PREVAILING
TARGETS: (343 (362-380) 399)-COT DEC31/2018-NON COMMERCIALS-LESS NET LONG

SOYBEAN (MAR/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: NO REPORT
TRENDS: MAJOR/UP-MINOR/UP. OPEN INTEREST/UP-STEEP. VOLUME/FLAT. (812-1067)
TRADING: HIGHER-LOST MOMENTUM-BUYING-SUPPORT@MINOR-RESISTANCE/PREVAILS@926 
TARGETS: (869 (897-926) 954)-COT DEC 31/2018-COMMERCIALS-LIQUIDATION BOTH SIDES

WHEAT MAR/19):
 DAILY LIMIT $0.55/BU WORLD ENDING STOCKS : NO REPORT
TRENDS: MAJOR/UP-MINOR/FLAT. OPEN INTEREST/TREND UP. VOLUME/FLAT (405-593)
TRADING: HIGHER-LOST MOMENTUM-SELLING-PENETRATED/RESISTANCE@MINOR/525  
TARGETS: 485 (505-525) 544)-COT DEC 31/2018-NON COMMERCIALS NOW NET SHORT

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: MAJOR/FLAT-MINOR/UP. OPEN INTEREST/DOWN-STEEP. VOLUME/FLAT.
TRADING: DOWN-GAINED MOMENTUM-SELLING-SUPPORT@MINOR-BELOW/RESISTANCE@7653
TARGETS: (7480 (7566-7653) 7739)-COT DEC 31/2018-NON COMMERCIALS MORE NET SHORT

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