Tuesday, April 16, 2019

3GRAINS-CAD/USD-TRENDS/TRADED/TARGETS-APRIL16/2019-TUESDAY

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

CORN (MAY/19): DAILY LIMIT $0.25/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.48MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG/TERM RANGE: (343-409)
TRADED: DOWN-DECELERATED-SELLING-FLAT IN CONSOLIDATION-TESTED/CLOSED BELOW 362
TARGETS: (399-(380-362) 343) COT APR09/2019 NON COMMERCIAL MORE SHORT/SELLING SHORT

SOYBEAN (MAY/19): DAY LIMIT $0.60/BU WORLD END STOCKS 2018/19 PROJECTED UP 0.19MMT
TRENDS: PRICE-UP. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM RANGE (812-1067)
TRADED: DOWN-ACCELERATED-SELLING-BELOW TREND-MOVE DOWN-BELOW 897-BEARISH 
TARGETS: (840 (869-897) 926)-COT-APR09/2019 COMMERCIAL-LESS LONG/SELLING SHORT

WHEAT MAY/19): DAILY LIMIT $0.35/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.08MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE(405-593)
TRADED: DOWN-ACCELERATED-SELLING-DOWNSIDE TREND-MOVE DOWN-BELOW 446-BEARISH    
TARGETS: (485 (466-446) 426))-COT-04/09 NON COM/COVERING-COM/SELLING LONG IN OFFSET

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM RANGE (6810-8295)
TRADED: DOWN-DECELERATED-BUYING-BELOW TREND-MOVE FLAT-TESTED RESISTANCE@7480
TARGETS: (7653 (7566-7480) 7393)-COT-APR09/2019-COMMERCIAL-LESS LONG/SELLING LONG

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