Friday, April 05, 2019

GRAINS-CAD/USD-TREND/MOVES-APR05/2019-FRIDAY

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

CORN (MAY/19): DAILY LIMIT $0.40/BU WORLD ENDING STOCKS: 2018/19 PROJ DOWN 1.25MMT
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DOWN-ROLLING/VOLUME-UP. L/T RANGE: (343-409)
TRADED: DOWN-ACCELERATED-MOVE DOWN-BELOW TREND-LOWER HIGH-TESTED 362 AS SUPPORT
TARGETS: (343 (362-380) 399)-COT APR02/2019 NON COMMERCIAL MORE SHORT/SELLING SHORT

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 0.45MMT
TREND: PRICE-UP. DAILY: OPEN INTEREST-UP-ROLLING/VOLUME-FLAT. LONG TERM (812-1067)
TRADED: DOWN-DECELERATED-SELLING-MOVE DOWN-ON TREND/897-NEW LOWER MINOR HIGH 
TARGETS: (840 (869-897) 926)-COT-APR02/2019 NON COMMERCIAL-MORE SHORT/SELLING SHORT

WHEAT MAY/19): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 3.00MMT
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DOWN/VOLUME-UP. LONG TERM (405-593)
TRADED: DOWN-DECELERATED-BUYING-MOVE DOWN-BELOW TREND-TESTED 466 AS SUPPORT    
TARGETS: (485 (466-446) 426))-COT-APR02/2019-NON COMMERCIAL-LESS SHORT/COVERING

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DRIFT UP/VOLUME-FLAT. LONG TERM (6810-8295)
TRADED: DOWN-STEADY-SELLING-MOVE DOWN-TESTED/CLOSED BELOW 7480 AS SUPPORT
TARGETS: (7653 (7556-7480) 7393)-COT-APR02/2019-NON COMMERCIAL-MORE SHORT/SELLING

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