Thursday, March 21, 2019

MAJOR GRAINS-CAD/USD-TREND-MOVES-MAR21/2019-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 PROJ DOWN 1.25MMT
TRENDS: PRICE TREND: UP. OPEN INTEREST: FLAT. VOLUME: UP. LONG TERM: (343-409)
TRADED: UP-ACCELERATED-BUYING-MOVE PENETRATED TOP-MET RESISTANCE@TREND-BELOW 380
TARGETS: (343 (362-380) 399)-COT MAR12/2019 NON COMMERCIAL MORE SHORT/SOLD SHORT

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 0.45MMT
TRENDS: PRICE TREND: UP. OPEN INTEREST: FLAT. VOLUME FLAT. LONG TERM (812-1067)
TRADED: UP-ACCELERATING-NET BUYING-MOVE UP-MET RESISTANCE/CLOSED@TOP-ABOVE 897=FIRM
TARGETS: (869 (897-926) 954)-COT-3/12-COMMERCIAL-MORE LONG-NON COMMERCIAL/MORE 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: FLAT. LONG TERM (405-593)
TRADED: UP-STEADY-BUYING-MOVE UP-PENETRATED/CLOSED UP ABOVE TOP AND 466-FIRM     
TARGETS: (426 (446-466) 485)-COT-3/12-COMMERCIAL-LESS LONG-NON COMMERCIAL/LESS SHORT

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-SELLING-MOVE DOWN-MET SUPPORT@/CLOSED ABOVE 7480 
TARGETS: (7393 (7480-7566)-7653)-COT-3/12-COMMERCIAL-BOUGHT LONG/COVERED SHORT

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