Friday, March 01, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-MAR01/2019-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 (MAY/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)
TRADED: DOWN-GAINED MOMENTUM-OFFSET BUYING-TESTED/CLOSED@MAJOR-MID 362-380
TARGETS: (343 (362-380) 399)-COMMITMENTS FEB19/2019 COMMERCIALS-LESS NET SHORT

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: 2018/19 UP 8.63MMT-REVISED
TRENDS: PRICE: MAJOR/UP-MINOR/DOWN-STEEP. OPEN INTEREST: UP. VOL DOWN (812-1067)
TRADED: DOWN-GAINED MOMENTUM-MATCHED-DOWNSIDE MINOR-ABOVE SUPPORT@897
TARGETS: (869 (897-926) 954)-COMMITMENTS FEB19/2019-COMMERCIALS MORE NET LONG

WHEAT MAY/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: DOWN (405-593)
TRADED: DOWN-GAINED MOMENTUM-NET BUYING-DOWNSIDE MINOR-BELOW 466     
TARGETS: (426 (446-466) 485)-COMMITMENTS FEB19/2019-NON COMMERCIALS NOW NET SHORT

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: PRICE: MAJOR/DOWN-MINOR/UP. OPEN INTEREST: FLAT. VOLUME: UP
TRADED: DOWN-GAINED MOMENTUM-SELLING-DOWNSIDE MINOR-TESTED/CLOSED BELOW 7566 
TARGETS: (7393 (7480-7566)-7653)-FEB19/2019-COT NON COMMERCIALS-LESS NET SHORT

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