Monday, August 19, 2019

MAJOR GRAINS+CAD/USD-TREND ANALYSIS-AUGUST19/2019-MONDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: TRENDS UP-DISTINCT HIGHER LOWS-TRENDS DOWN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-MOVE-VOLATILITY (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 FINAL STOCKS/LESS CHINA-2019/20=4.81MMT UP
TRENDS/PRICE-DOWN/LESS 1X. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(473-364)
TRADED FLAT-MOVE DOWN-LESS VOLATILITY-NET SELLING-ON TREND-LAST LOW-364/TODAY-373
TARGETS/(401 (382-364) 345)TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG 

SOYS (NOV/2019) DAILY LIMIT $0.65/BU-WORLD FINAL STOCKS/LESS CHINA-2019/20=0.78MMT DOWN
TRENDS/PRICE-DOWN/MORE 1X. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM (1067-791) 
TRADED DOWN-MOVE DOWN-MORE VOLATILITY-SELLING-UPSIDE TREND-LAST LOW-855/TODAY-865
TARGETS/(929 (901-872) 844) TRADERS/COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS/LESS CHINA-2019/20=1.16MMT DOWN 
TRENDS/PRICE-DOWN/MORE 1X. OPEN INTEREST-UP/LESS. VOLUME-FLAT. RANGE-(593-418). 
TRADED DOWN-MOVE DOWN-MORE VOLATILITY-SELLING-ABOVE TREND-LAST LOW-459/TODAY-471      
TARGETS/(499 (479-459) 438) TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN/LESS 1X. OPEN INTEREST-DOWN. VOLUME-DOWN. RANGE (8295-6810)
TRADED DOWN-MOVE FLAT-MORE VOLATILITY-NET SELLING-RESISTANCE@TREND-SUPPORT@7501     
TARGETS/(7672 (7587-7501) 7416)/COMMERCIALS LESS SHORT-NON COMMERCIALS MORE LONG

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