Monday, June 24, 2019

MAJOR GRAINS+CAD/USD-TRENDS-JUNE24/2019-MONDAY

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-DOWN. VOLUME-LOWER. LONG TERM-(343-457)
TRADED/LOWER-LESS MOMENTUM-NET BUYING-UPSIDE TREND-MOVE DOWN- ABOVE SUPPORT@436
TARGETS/(417 (436-454) 473)/JUN18/2019-COMMERCIALS NET SHORT=NON COMMERCIALS NET LONG 

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-DOWN. VOLUME-LOWER. LONG TERM-(791-1067)
TRADED/LOWER-LESS MOMENTUM-NET BUYING-ABOVE TREND-MOVE DOWN-TESTED 903/CLOSED UP
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/REVISED LESS 2X OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM-(418-593)
TRADED/HIGHER-MORE MOMENTUM-BUYING-ALONG TREND-MOVE UP-MET RESISTANCE/CLOSED@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-UP. VOLUME-LOWER. LONG TERM (8295-6810)
TRADED/FLAT-LESS MOMENTUM-OFFSET BUYING-ABOVE TREND-MOVE/UP-CLOSED ABOVE 7587 
TARGETS/(7416 (7501-7587) 7672)/JUN11/2019-COMMERCIALS EVEN, NON COMMERCIALS SHORT

No comments:

Google+