Tuesday, June 11, 2019

MAJOR GRAINS-CAD/USD-TRENDS-TUESDAY-JUNE11/2019

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 STOCKS LESS CHINA-END 2019/20 DOWN 24.19MMT 
TRENDS/PRICE-UP/REVISED LESS 1X. OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM-(343-438)
TRADED/UP-MORE VOLATILE-BUYING-ON TREND-MOVE UP-TESTED/CLOSED ABOVE 417-@436 LEVEL
TARGETS: (399 (417-436) 454)/JUN04/2019-COT/NON COMMERCIAL/COVERED SHORT-MORE L0NG 

SOYBEANS (JUL/2019): DAY LIMIT $0.65/BU WORLD STOCKS LESS CHINA-END 2019/20 UP 0.56MMT
TRENDS/PRICE-UP/REVISED-LESS 1X OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM-(791-1067)
TRADED/FLAT-LESS VOLATILE-NET BUYING-ON TREND-MOVE DOWN-MET SUPPORT @847 LEVEL
TARGETS/(819 (847-875) 903)/JUN04/2019-COT/NON COMMERCIAL/COVERED SHORT/LESS SHORT

WHEAT JUL/2019): DAILY LIMIT $0.35/BU WORLD STOCKS LESS CHINA-END 2019/20 UP 1.33MMT
TRENDS/PRICE-UP/REVISED LESS 1X OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM-(418-593)
TRADED/UP-MORE VOLATILE-BUYING-RIGHT OF TREND-MOVE/UP-MET RESISTANCE/CLOSED@520    
TARGETS: (479 (499-520) 541)/JUN04/2019-COT/COMMERCIAL=NON COMMERCIAL/LIQUIDATION

DOLLAR CAD/USD (JUN/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM (8295-6810)
TRADED/DOWN-MORE VOLATILE/NET SELLING-ABOVE TREND-MOVE/UP-LOOKS TOPPY@7566 
TARGETS: (7566 (7480-7393) 7310)/JUN04/2019-COT/NON COMMERCIAL LONG ACCUMULATION

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