Monday, April 01, 2019

MAJOR GRAINS-CAD/USD-TREND-MOVES-APR01/2019-MONDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADING: DIRECTION. VOLATILITY (HIGH-LOW 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
TRENDS: PRICE TREND: UP. OPEN INTEREST: UP. VOLUME: AVERAGE. LONG TERM: (343-409)
TRADED: FLAT DECELERATED-BUYING BELOW TREND-MOVE TESTED/CLOSED@362-QUIET 
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
TRENDS: PRICE TREND: UP. OPEN INTEREST: UP. VOLUME FLAT. LONG TERM (812-1067)
TRADED: UP-ACCELERATED-BUYING-TESTED/CLOSED BELOW TREND-MOVE UP THROUGH 897 
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 TREND: DOWN. OPEN INTEREST: FLAT- VOLUME: UP. LONG TERM (405-593)
TRADED: UP-STEADY-NET BUYING-BELOW TREND-MOVE UP/LESS-TESTED/CLOSED ABOVE 446    
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. OPEN INTEREST: UP/FLAT. VOLUME: FLAT, LONG TERM (6810-8295)
TRADED: UP-DECELERATED-BUYING-BELOW TREND-MOVE UPSIDE 7480-RESISTANCE MID 7480-7566
TARGETS: (7653 (7556-7480) 7393)-COT-MAR26/2019-NON COMMERCIAL-LESS LONG/SOLD SHORT

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