Friday, March 22, 2019

MAJOR GRAINS-CAD/USD-TREND-MOVES-MAR22/2019-FRIDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADING: DIRECTION. VOLATILITY (HIGH-LOW PRICE RANGE)-ACTIVITY-MOVE-TARGET 
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (MAY/19): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS: 2018/19 PROJ DOWN 1.25MMT
TRENDS: PRICE TREND: UP. OPEN INTEREST: DOWN. VOLUME: FLAT. LONG TERM: (343-409)
TRADED: UP-DECELERATED-COVERING-MOVE CLOSED ABOVE TOP AND TREND@380-FIRM
TARGETS: (343 (362-380) 399)-COT MAR19/2019 COMMERCIAL LESS LONG/NET SHORT SELLING

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 0.45MMT
TRENDS: PRICE TREND: UP. OPEN INTEREST: UP. VOLUME UP. LONG TERM (812-1067)
TRADED: FLAT-STEADY-LIQUIDATION-MOVE UP-RESISTANCE@TOP PREVAILING-ABOVE 897-
TARGETS: (869 (897-926) 954)-COT-MAR19/2019 COMMERCIAL-LESS LONG/SHORT SELLING

WHEAT MAY/19): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 3.00MMT
TRENDS: PRICE TREND: DOWN. OPEN INTEREST: FLAT- VOLUME: UP. LONG TERM (405-593)
TRADED: UP-STEADY-LIQUIDATION-MOVE UP-CLOSED LOWER ABOVE TOP@466-BREAKOUT FAILURE     
TARGETS: (426 (446-466) 485)-COT-MAR19/2019-COMMERCIAL-MORE LONG-NET ACCUMULATION

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TRENDS: PRICE TREND: DOWN. OPEN INTEREST: UP. VOLUME: UP, LONG TERM (6810-8295)
TRADED: DOWN-DECELERATED-SHORT SELLING-MOVE DOWN-PENETRATED/CLOSED BELOW 7480- 
TARGETS: (7393 (7480-7566)-7653)-COT-MAR19/2019-COMMERCIAL-MORE LONG-ACCUMULATION

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