Tuesday, April 30, 2019

3GRAINS-CAD/USD-TREND/TRADED/TARGET-APRIL30/2019-TUESDAY

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. RANGE/LONG TERM-(409-325)
TRADED/DOWN-DECELERATED/NET BUYING-BELOW/TREND-MOVE/UP-SUPPORT/MID 362-343
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-DOWN. RANGE/LONG TERM-(1067-812)
TRADED/DOWN-STEADY/SELLING-BELOW/TREND-MOVE/DOWN-MET SUPPORT/CLOSED@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. RANGE/LONG TERM-(593-387)
TRADED/DOWN-DECELERATED/SELLING-BELOW/TREND+MOVE/DOWN-CLOSED BELOW 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. RANGE/LONG TERM (8295-6810)
TRADED/UP-ACCELERATED/BUYING-BELOW/TREND-MOVE/UP-MET SUPPORT/CLOSED@7480
TARGETS: (7566 (7480-7393) 7310)-COT: APR23: NON COMMERCIAL-LESS SHORT/BOUGHT LONG

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