Tuesday, April 09, 2019

MAJOR GRAINS-CAD/USD-TRENDS/MOVES-APR09/2019-TUESDAY

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: UPWARD-DISTINCT HIGHER LOWS-DOWNWARD DISTINCT LOWER HIGHS 
TRADING: DIRECTION. VOLATILITY (LENGTH OF HI/LO PRICE RANGE)-ACTIVITY-MOVE-TARGET 
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (MAY/19): DAILY LIMIT $0.40/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.48MMT
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DOWN/VOLUME-FLAT LONG/TERM RANGE: (343-409)
TRADED: DOWN-ACCELERATED-BUYING-MOVE DOWN-BELOW TREND-MET RESISTANCE/CLOSED@362
TARGETS: (399-(380-362) 343) COT APR02/2019 NON COMMERCIAL MORE SHORT/SELLING SHORT

SOYBEAN (MAY/19): DAY LIMIT $1.15/BU WORLD END STOCKS 2018/19 PROJECTED UP 0.19MMT
TREND: PRICE-UP. DAILY: OPEN INTEREST-UP/VOLUME-FLAT. LONG TERM (812-1067)
TRADED: DOWN-ACCELERATED-DRIFT DOWN-MOVE UP-ON TREND-SUPPORT CONTINUES@897 
TARGETS: (840 (869-897) 926)-COT-APR02/2019 NON COMMERCIAL-MORE SHORT/SELLING SHORT

WHEAT MAY/19): DAILY LIMIT $0.55/BU WORLD END STOCKS 2018/19 PROJECTED UP 5.08MMT
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DOWN.LESS/VOLUME-DOWN. LONG TERM (405-593)
TRADED: DOWN-DECELERATED-NET SELLING-MOVE DOWN-BELOW TREND-CLOSED BELOW 466    
TARGETS: (485 (466-446) 426))-COT-APR02/2019-NON COMMERCIAL-LESS SHORT/COVERING

DOLLAR CAD/USD (JUN/19): DAILY LIMIT $4.00                       
TREND: PRICE-DOWN. DAILY: OPEN INTEREST-DOWN/VOLUME-DOWN. LONG TERM (6810-8295)
TRADED: UP-DECELERATED-SELLING-MOVE UP-MET RESISTANCE@PREVIOUS HIGHS-MID 7566-7480
TARGETS: (7653 (7566-7480) 7393)-COT-APR02/2019-NON COMMERCIAL-MORE SHORT/SELLING

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