Thursday, March 07, 2019

MAJOR GRAINS-CAD/USD-TREND ANALYSIS-MAR07/2019-THURSDAY

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: UP (343-409)
TRADED: LOWER-ACCELERATED-SELLING-BELOW MAJOR-ABOVE MINOR-UPSIDE 362
TARGETS: (343 (362-380) 399)-COT FEB26/2019 NON COMMERCIALS-LIQUIDATED-LESS NET LONG

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 UP (812-1067)
TRADED: LOWER-DECELERATED-SELLING-ABOVE MAJOR-ON MINOR-@897 AS SUPPORT
TARGETS: (869 (897-926) 954)-COT FEB26/2019-COMMERCIALS-LIQUIDATED-LESS 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 UP (405-593)
TRADED: LOWER-DECELERATED-SELLING-BELOW MAJOR-UPSIDE MINOR-CLOSED BELOW 446     
TARGETS: (426 (446-466) 485)-COT FEB26/2019-NON COMMERCIALS SOLD SHORT/SOLD LONG

DOLLAR CAD/USD (MAR/19): DAILY LIMIT $4.00                           RANGE: (6810-8295)
TRENDS: PRICE: MAJOR/DOWN-MINOR/DOWN-STEEP. OPEN INTEREST: FLAT. VOLUME: FLAT
TRADED: FLAT-DECELERATED-SELLING-ON MAJOR-DOWNSIDE MINOR-CLOSED BELOW 7480 
TARGETS: (7393 (7480-7566)-7653)-COT-FEB26/2019-COMMERCIALS-BOUGHT LONG-MORE LONG

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