Tuesday, June 25, 2019

MAJOR GRAINS+CAD/USD-TRENDS-JUN25/2019-TUESDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TREND: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADING: 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. VOLUME-DOWN. LONG TERM-(343-457)
TRADED/HIGHER-LESS MOMENTUM-NET SELLING-ABOVE TREND-MOVE UP-MET RESISTANCE@454
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-FLAT. LONG TERM-(791-1067)
TRADED/HIGHER-MORE MOMENTUM-SELLING-ABOVE TREND-MOVE DOWN-GOOD SUPPORT@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-FLAT. LONG TERM-(418-593)
TRADED/HIGHER-LESS MOMENTUM-NET SELLING-ALONG TREND-MOVE UP-MET RESISTANCE@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. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM (8295-6810)
TRADED/UP-STEADY MOMENTUM-MATCHED-OVERBOUGHT-MOVE/UP-LONG TERM RESISTANCE@7587 
TARGETS/(7416 (7501-7587) 7672)/JUN11/2019-COMMERCIALS EVEN, NON COMMERCIALS SHORT

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