Friday, April 26, 2019

3GRAINS-CAD/USD-TREND/TRADED/TARGETS-APRIL 26/2019-FRIDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TREND: 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
TREND: PRICE-DOWN.TRADED: OPEN INTEREST-DOWN. VOLUME-DOWN. LONG/TERM RANGE: (409-325)
TRADED: UP-DECELERATED-OFFSET BUYING-TREND/MOVE DOWN-ABOVE SUPPORT@343-NEW LOW
TARGETS: (380 (362-343) 325) COT: APR23/2019: NON COMMERCIAL: MORE SHORT/SOLD SHORT

SOYBEAN (MAY/19): DAY LIMIT $0.60/BU WORLD END STOCKS 2018/19 PROJECTED UP 0.19MMT
TREND: PRICE-DOWN. TRADED: OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM RANGE (1067-812)
TRADED: DOWN-DECELERATED-LONG SELLING-BELOW TREND/MOVE DOWN-SUPPORT MID 869-840
TARGETS: (897 (869-840) 812)-COT: APR23/2019: NON COMMERCIAL: MORE SHORT/SOLD SHORT

WHEAT MAY/19): DAILY LIMIT $0.35/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.08MMT
TREND: PRICE-DOWN. TRADED: OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE(593-387)
TRADED: UP-DECELERATED-OFFSET-TREND/MOVE DOWN-ABOVE LONG TERM SUPPORT@426    
TARGETS: (466 (446-426) 407)-COT: APRIL23/2019: COMMERCIAL: MORE LONG/COVERED SHORT

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TREND: PRICE-DOWN. TRADED: OPEN INTEREST-FLAT. VOLUME-UP. LONG RANGE (8295-6810)
TRADED: UP-ACCELERATED-NET BUYING-BELOW TREND/MOVE DOWN-SUPPORT@LAST LOWS/7393
TARGETS: (7566 (7480-7393) 7310)-COT: APR23: NON COMMERCIAL-LESS SHORT/BOUGHT LONG

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