Monday, July 29, 2019

3MAJOR GRAINS-CAD/USD-TRENDS/TRADED-JULY29/2019

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

CORN (DEC/2019): DAILY LIMIT $0.25/BU-WORLD FINAL STFLAT-2019/20-LESS CHINA 8.39MMT UP
TRENDS/PRICE-DOWN/LESS 1X. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(343-473)
TRADED FLAT-MOVE DOWN-VOLATILITY UP-NET BUYING-ON TREND-SUPPORT@LAST LOW ABOVE 420
TARGETS/(458 (439-420) 401)/COMMERCIALS LESS NET SHORT-NON COMMERCIALS LESS NET LONG 

SOYS (NOV/2019): DAILY LIMIT $0.65/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-8.13MMT DOWN
TRENDS/PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME/FLAT. LONG TERM-(791-1067)
TRADED FLAT-MOVE DOWN-VOLATILITY UP-NET BUYING-TREND AS RESISTANCE-MET SUPPORT@901
TARGETS/(872 (857-901) 972)/COMMERCIALS FLAT NET LONG-NON COMMERCIALS FLAT NET LONG

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-7.58MMT DOWN 
TRENDS/PRICE-DOWN/LONG TERM. OPEN INTEREST-DOWN/LESS. VOLUME-FLAT. RANGE-(418-593). 
TRADED FLAT-MOVE UP-VOLATILITY UP-NET BUYING-TREND AS RESISTANCE-499 AS SUPPORT    
TARGETS/(541 (520-499) 479)/COMMERCIALS LESS NET SHORT-NON COMMERCIALS LESS NET LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-UP/LESS 1X. OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM (8295-6810)
TRADED UP-MOVE DOWN-VOLATILITY DOWN-OFFSET BUYING-BELOW TREND-SUPPORT AGAIN@7587     
TARGETS/(7501 (7587-7672) 7758)/COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

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