Wednesday, April 10, 2019

MAJOR GRAINS-CAD/USD-TRENDS/MOVES-APRIL12/2019-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 END STOCKS 2018/19 PROJECTED UP 5.48MMT
TREND: PRICE-DOWN. DAILY/OPEN INTEREST-UP/VOLUME-DOWN LONG/TERM RANGE: (343-409)
TRADED: FLAT-DECELERATED-NET BUYING-BELOW TREND-MOVE DOWN-RESISTANCE/CLOSED@362
TARGETS: (399-(380-362) 343) COT APR09/2019 NON COMMERCIAL MORE SHORT/SELLING SHORT

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU WORLD END STOCKS 2018/19 PROJECTED UP 0.19MMT
TREND: PRICE-UP. DAILY/OPEN INTEREST-FLAT/VOLUME-DOWN. LONG TERM (812-1067)
TRADED: FLAT-DECELERATED-MATCHED SELLING-BELOW TREND-MOVE UP-SUPPORT ABOVE 897 
TARGETS: (840 (869-897) 926)-COT-APR09/2019 COMMERCIAL-LESS LONG/SELLING SHORT

WHEAT MAY/19): DAILY LIMIT $0.55/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.08MMT
TREND: PRICE-DOWN. DAILY/OPEN INTEREST-DOWN.LESS/VOLUME-FLAT LONG TERM (405-593)
TRADED: UP-ACCELERATED-BUYING-ON TREND-MOVE UP-BELOW 466-TESTING RESISTANCE@466    
TARGETS: (485 (466-446) 426))-COT-04/09 NON COM/COVERING-COM/SELLING LONG IN OFFSET

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TREND: PRICE-DOWN. DAILY/OPEN INTEREST-DOWN/VOLUME-FLAT. LONG TERM (6810-8295)
TRADED: FLAT-DECELERATED-BUYING-BELOW TREND-MOVE UP-UPSIDE 7480 AS SUPPORT
TARGETS: (7653 (7566-7480) 7393)-COT-APR09/2019-COMMERCIAL-LESS LONG/SELLING LONG

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