Friday, June 28, 2019

MAJOR GRAINS+CAD/USD-TRENDS/MOVES-JUNE28/2019-FRIDAY

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 (DEC/2019): DAILY LIMIT $0.25/BU WORLD STOCKS LESS CHINA-END 2019/20 DOWN 24.19MMT 
TRENDS/PRICE-UP/LESS 1X. OPEN INTEREST-DOWN/LESS. VOLUME-DOWN. LONG TERM-(343-457)
TRADED/LOWER-MORE MOMENTUM-NET SELLING-MOVE DOWN-ON TREND-TESTED/CLOSED BELOW 436
TARGETS/(417 (436-454) 473)/COT COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG 

SOYBEANS (NOV/2019): DAY LIMIT $0.65/BU WORLD STOCKS LESS CHINA-END 2019/20 UP 0.56MMT
TRENDS/PRICE-UP/LESS 1X. OPEN INTEREST-DOWN/LESS. VOLUME-DOWN. LONG TERM-(791-1067)
TRADED/HIGHER-MORE MOMENTUM-NET BUYING-MOVE DOWN UPSIDE TREND-MET RESISTANCE@932
TARGETS/(875 (903-932) 960)/COT COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

WHEAT DEC/2019): DAILY LIMIT $0.35/BU WORLD STOCKS LESS CHINA-END 2019/20 UP 1.33MMT
TRENDS/PRICE-UP/LESS 2X OPEN INTEREST DOWN/LESS. VOLUME-DOWN. LONG TERM-(418-593)
TRADED/LOWER-MORE MOMENTUM-NET SELLING-REVERSAL DOWN-ON TREND-CLOSED BELOW 541.    
TARGETS/(499 (520-541) 561)/COT COMMERCIALS LESS SHORT-NON COMMERCIALS MORE LONG

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

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