Thursday, June 27, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-JUN27/2019-THURSDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TREND: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADED: DIRECTION. MOMENTUM (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/LESS 1X. OPEN INTEREST-DOWN/MORESO. VOLUME-DOWN. LONG TERM-(343-457)
TRADED/LOWER-STEADY MOMENTUM-NET SELLING-MOVE DOWN-DOWNSIDE TREND-TO SUPPORT@436
TARGETS/(417 (436-454) 473)/JUN18/2019-COT COMMERCIALS SHORT-NON COMMERCIALS LONG 

SOYBEANS (JUL/2019): DAY LIMIT $0.65/BU WORLD STOCKS LESS CHINA-END 2019/20 UP 0.56MMT
TRENDS/PRICE-UP/LESS 1X. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(791-1067)
TRADED/LOWER-MORE MOMENTUM-NET SELLING-MOVE DOWN BELOW TREND/SUPPORT MID (875-903)
TARGETS/(847 (875-903) 932)/JUN11/2019-COT COMMERCIALS LONG-NON COMMERCIALS SHORT

WHEAT JUL/2019): DAILY LIMIT $0.35/BU WORLD STOCKS LESS CHINA-END 2019/20 UP 1.33MMT
TRENDS/PRICE-UP/LESS 2X OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(418-593)
TRADED/UP-MORE MOMENTUM-OFFSET SELLING-MOVE UP UPSIDE TREND-MET SUPPORT@541.    
TARGETS/(499 (520-541) 561)/JUN11/2019-COT COMMERCIALS SHORT-NON COMMERCIALS LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-UP/INITIAL. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM (8295-6810)
TRADED/UP-LESS MOMENTUM-NET BUYING-MOVE UP BELOW TREND-MET RESISTANCE BELOW 7672  
TARGETS/(7501 (7587-7672) 7758)/JUN11/2019-COMMERCIALS EVEN, NON COMMERCIALS SHORT

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