Friday, March 29, 2019

MAJOR GRAINS-CAD/USD-TREND/MOVES-MAR29/2019-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: UP. VOLUME: VERY HIGH. LONG TERM: (343-409)
TRADED: DOWN-ACCELERATED-SHORT SELLING BELOW TREND-MOVE TESTED/CLOSED BELOW 362 
TARGETS: (343 (362-380) 399)-COT MAR26/2019 NON COMMERCIAL LESS SHORT/NET COVERING

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 FLAT. LONG TERM (812-1067)
TRADED: DOWN-ACCELERATED-SHORT SELLING-BELOW TREND-TESTED/CLOSED BELOW LAST LOW 
TARGETS: (840 (869-897) 926)-COT-MAR26/2019 COMMERCIAL-LESS LONG/SOLD SHORT

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: DOWN-ACCELERATED-SHORT SELLING/LIQUIDATION-BELOW TREND-CLOSED DOWN     
TARGETS: (485 (466-446) 426))-COT-MAR26/2019-NON COMMERCIAL-LESS SHORT/COVERING

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TRENDS: PRICE TREND: DOWN. OPEN INTEREST: UP. VOLUME: UP, LONG TERM (6810-8295)
TRADED:UP-ACCELERATED-COVERING/ACCUMULATION FROM SUPPORT OF LAST LOW ABOVE 7480
TARGETS: (7556 (7480-7393)-7310)-COT-MAR26/2019-NON COMMERCIAL-LESS LONG/SOLD SHORT

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