Wednesday, June 19, 2019

MAJOR GRAINS+CAD/USD-TRENDS-JUNE19/2019-WEDNESDAY

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/REVISED LESS 1X. OPEN INTEREST-LOWER. VOLUME-LOWER. LONG TERM-(343-457)
TRADED/LOWER-LESS MOMENTUM-NET SELLING-OVERBOUGHT-MOVE DOWN-MET SUPPORT UPSIDE 436
TARGETS/(417 (436-454) 473)/JUN11/2019-COT/HEDGERS MORE LONG=TRADERS MORE SHORT 

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-LOWER. VOLUME-LOWER. LONG TERM-(791-1067)
TRADED/LOWER-LESS MOMENTUM-SELLING-ABOVE TREND-MOVE FLAT-ISLAND REVERSAL@GAP/903
TARGETS/(847 (875-903) 932)/JUN11/2019-COT/NO CHANGE-HEDGERS LONG-TRADERS SHORT

WHEAT JUL/2019): DAILY LIMIT $0.35/BU WORLD STOCKS LESS CHINA-END 2019/20 UP 1.33MMT
TRENDS/PRICE-UP/REVISED LESS 2X OPEN INTEREST-LOWER. VOLUME-LOWER. LONG TERM-(418-593)
TRADED/LOWER-STEADY MOMENTUM-NET SELLING-ON TREND-MOVE LOWER-TESTED/CLOSED@520    
TARGETS/(499 (520-541) 561)/JUN11/2019-COT/HEDGERS VIRTUALLY EVEN-TRADERS NOW LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-(M+U) FLAT. VOLUME-HIGHER. LONG TERM (8295-6810)
TRADED/HIGHER-MORE MOMENTUM-BUYING-ABOVE TREND-MOVE/FLAT-TESTED/CLOSED OVER 7501 
TARGETS/(7587 (7501-7416) 7330)/JUN11/2019-COT/HEDGERS LESS LONG-TRADERS LESS SHORT

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