Tuesday, July 02, 2019

MAJOR GRAINS+CAD/USD-TRENDS/MOVES-JULY02/2019-TUESDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING PRICE VOLATILITY OF TRADING
TREND: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADED: DIRECTION-MOVE (LENGTH OF HI/LO PRICE RANGE)-ACTIVITY-TREND-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 2X. OPEN INTEREST-REVERSED UP. VOLUME-DOWN. LONG TERM-(343-457)
TRADED-IN LESS VOLATILE MOVE LOWER-NET BUYING(COVERING)-ABOVE TREND + 417 AS SUPPORT
TARGETS/(399 (417-436) 454)/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-DRIFTING. VOLUME-DOWN. LONG TERM-(791-1067)
TRADED-IN LESS VOLATILE MOVE LOWER-NET SELLING DOWNSIDE TREND-TESTED/CLOSED BELOW 903
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-FLAT. VOLUME-UP. LONG TERM-(418-593)
TRADED-IN LESS VOLATILE MOVE LOWER--NET SELLING BELOW TREND-TESTED/CLOSED BELOW 520.    
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-DOWN. LONG TERM (8295-6810)
TRADED-FLAT-LESS VOLATILE MOVE LOWER-NET BUYING(COVERING)-BELOW TREND-MID(7672-7587)     
TARGETS/(7501 (7587-7672) 7758)/COT COMMERCIALS EVEN LONG, NON COMMERCIALS LESS SHORT

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