Tuesday, June 04, 2019

MAJOR GRAINS-CAD/USD-TRENDS-TUESDAY-JUNE 04/2019

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TREND: 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 (JUL/2019): DAILY LIMIT $0.25/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.48MMT 
TRENDS/PRICE-UP. OPEN INTEREST-DOWN. VOLUME-DOWN. RANGE/LONG TERM-(343-438)
TRADED/UP-STEADY VOLATILITY-NET SELLING-ON TREND-MOVE UP-LOOKS LIKE TOP@436
TARGETS: (399 (417-436) 454)/MAY28/2019: COT: COMMERCIAL: SELLING SHORT/MORE SHORT 

SOYBEAN (JUL/2019): DAY LIMIT $0.60/BU WORLD END STOCKS 2018/19 PROJECTED UP 0.19MMT
TRENDS/PRICE-UP/STEEP. OPEN INTEREST-DOWN. VOLUME-FLAT. RANGE/LONG TERM-(791-1067)
TRADED/UP- STEADY VOLATILITY/SELLING-BESIDE TREND-MOVE FLAT-@RESISTANCE MID (875-903)
TARGETS/(847-(875-903) 932)/MAY28/2019: COT: COMMERCIAL: SELLING SHORT/LESS LONG

WHEAT JUL/2019): DAILY LIMIT $0.35/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.08MMT
TRENDS/PRICE-UP. OPEN INTEREST-DOWN. VOLUME-FLAT. RANGE/LONG TERM-(418-593)
TRADED/FLAT.SPIKED-MORE VOLATILITY/NET SELLING-UPSIDE TREND-MOVE/UP-SUPPORT@499    
TARGETS: (479-(499-520) 541): COMMERCIAL-LESS LONG OFFSET NON COMMERCIAL-LESS SHORT

DOLLAR CAD/USD (JUN/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-DOWN/LESS. VOLUME-DOWN. LONG TERM (8295-6810)
TRADED/UP-LESS VOLATILITY/NET BUYING-DOWNSIDE TREND-MOVE/UP-RESISTANCE@7480 
TARGETS: (7566 (7480-7393) 7310)/MAY28: NON COMMERCIAL-LESS LONG COVERING SHORT

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