Monday, April 08, 2019

GRAINS-CAD/USD-TRENDS/MOVES-APRIL08/2019-MONDAY

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 
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DOWN-ROLLING/VOLUME-UP. L/T RANGE: (343-409)
TRADED: DOWN-STEADY-MOVE DOWN-OVERSOLD BELOW TREND-TESTED/CLOSED BELOW 362
TARGETS: (343 (362-380) 399)-COT APR02/2019 NON COMMERCIAL MORE SHORT/SELLING SHORT

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU 
TREND: PRICE-UP. DAILY: OPEN INTEREST-UP-ROLLING/VOLUME-FLAT. LONG TERM (812-1067)
TRADED: FLAT-DECELERATED-SELLING-MOVE DOWN-ON TREND/897-QUIET 
TARGETS: (840 (869-897) 926)-COT-APR02/2019 NON COMMERCIAL-MORE SHORT/SELLING SHORT

WHEAT MAY/19): DAILY LIMIT $0.55/BU 
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DOWN/VOLUME-DOWN. LONG TERM (405-593)
TRADED: FLAT-ACCELERATED-NET SELLING-MOVE DOWN-ON TREND-CLOSED BELOW 466    
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: UP-ACCELERATED-BUYING-MOVE UP-TESTED/CLOSED ABOVE 7480
TARGETS: (7653 (7556-7480) 7393)-COT-APR02/2019-NON COMMERCIAL-MORE SHORT/SELLING

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