Thursday, April 04, 2019

GRAINS-CAD/USD-TRENDS/MOVES-APRIL04/2019-THURSDAY

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: UP. DAILY: OPEN INTEREST-DOWN/VOLUME-UP. LONG TERM RANGE: (343-409)
TRADED: UP-DECELERATED-MOVE UP-OVERSOLD BELOW TREND-CLOSED UPSIDE 362 AS SUPPORT
TARGETS: (343 (362-380) 399)-COT MAR26/2019 NON COMMERCIAL LESS SHORT/NET COVERING

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 0.45MMT
TREND: PRICE: UP. DAILY: OPEN INTEREST-UP/VOLUME-UP. LONG TERM (812-1067)
TRADED: UP-ACCELERATED-BUYING-MOVE UP-ON/UPSIDE TREND/897-BELOW LAST MAJOR HIGH 
TARGETS: (840 (869-897) 926)-COT-MAR26/2019 COMMERCIAL-LESS LONG/SOLD SHORT

WHEAT MAY/19): DAILY LIMIT $0.55/BU WORLD ENDING STOCKS: 2018/19 PROJ UP 3.00MMT
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DRIFT UP/VOLUME-FLAT. LONG TERM (405-593)
TRADED: UP-DECELERATED-SELLING-MOVE UP-ON TREND-ABOVE 466-@RESISTANCE@LAST HIGH    
TARGETS: (485 (466-446) 426))-COT-MAR26/2019-NON COMMERCIAL-LESS SHORT/COVERING

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-FLAT/VOLUME-DOWN. LONG TERM (6810-8295)
TRADED: DOWN-STEADY-SELLING-MOVE DOWN FROM TOP/LOWER HIGH ABOVE 7480-CORRECTION
TARGETS: (7653 (7556-7480) 7393)-COT-MAR26/2019-NON COMMERCIAL-LESS LONG/SOLD SHORT

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