Tuesday, April 02, 2019

MAJOR GRAINS-CAD/USD-TRENDS-MOVES-APR02/19-TUESDAY

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
TREND: PRICE: UP. DAILY: OPEN INTEREST-DOWN/VOLUME-DOWN. LONG TERM: (343-409)
TRADED: FLAT DECELERATED-IN OFFSET-BELOW TREND-MOVE UP-MEETING RESISTANCE@362 
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-DOWN/VOLUME-DOWN. LONG TERM (812-1067)
TRADED: UP-DECELERATED-NET BUYING-MOVE UP-TESTED/CLOSED ABOVE TREND/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-DOWN. DAILY: OPEN INTEREST-FLAT/VOLUME-FLAT. LONG TERM (405-593)
TRADED: FLAT-DECELERATED-NET BUYING-MOVE UP-BELOW TREND-MET RESISTANCE@466    
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: FLAT-STEADY-NET SELLING-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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