Wednesday, March 27, 2019

MAJOR GRAINS-CAD/USD-TREND/MOVES-MAR27/2019-WEDNESDAY

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: UP. VOLUME: DOWN. LONG TERM: (343-409)
TRADED: DOWN-DECELERATED-SELLING-MOVE DOWNSIDE TREND-BELOW 380/LOWER HIGH
TARGETS: (343 (362-380) 399)-COT MAR19/2019 COMMERCIAL LESS LONG/NET SELLING SHORT

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: DOWN-ACCELERATED-SELLING-MOVE DOWN-CLOSED BELOW TREND/897/LOWER HIGH
TARGETS: (869 (897-926) 954)-COT-MAR19/2019 COMMERCIAL-LESS LONG/SELLING SHORT

WHEAT MAY/19): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 3.00MMT
TRENDS: PRICE TREND: DOWN. OPEN INTEREST: DOWN- VOLUME: UP. LONG TERM (405-593)
TRADED: UP-DECELERATED-SELLING-MOVE FLAT/NARROW-CLOSE MATCHED-MET SUPPORT@466     
TARGETS: (485 (466-446) 426))-COT-MAR19/2019-COMMERCIAL-MORE LONG-NET ACCUMULATION

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TRENDS: PRICE TREND: DOWN. OPEN INTEREST: FLAT. VOLUME: UP, LONG TERM (6810-8295)
TRADED: DOWN-ACCELERATED-NET SELLING-MOVE DOWN-CLOSED BELOW SUPPORT@7480 
TARGETS: (7556 (7480-7393)-7310)-COT-MAR19/2019-COMMERCIAL-MORE LONG-ACCUMULATION

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