Thursday, July 11, 2019

3MAJOR GRAINS+CAD/USD-TRENDS-JULY11/2019-THURSDAY

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-TARGET 
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (DEC/2019): DAILY LIMIT $0.25/BU-WORLD FINAL STOCKS-2019/20-LESS CHINA 8.39MMT UP
TRENDS/PRICE-UP/LESS 2X. OPEN INTEREST-UP/FLAT. VOLUME-UP/FLAT. LONG TERM-(343-457)
TRADED UP-VOLATILITY UP-MOVE UP-TREND/SUPPORT-NET BUYING-BELOW RESISTANCE@454
TARGETS/(417 (436 454) 473)/COT COMMERCIALS MORE SHORT-NON COMMERCIALS LESS LONG 

SOYS (NOV/2019): DAILY LIMIT $0.65/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-8.13MMT DOWN
TRENDS/PRICE-UP/LESS 2X. OPEN INTEREST-UP/MODERATE. VOLUME-FLAT. LONG TERM-(791-1067)
TRADED UP-VOLATILITY DOWN-MOVE DOWN-ABOVE TREND-NET BUYING-RESISTANCE MID 903-932
TARGETS/(875 (903-932) 960)/COT COMMERCIALS FLAT LONG-NON COMMERCIALS MORE SHORT

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-7.58MMT DOWN 
TRENDS/PRICE-UP/LESS 3X. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM-(418-593). 
TRADED UP-VOLATILITY UP-MOVE UP-UPSIDE REVISED TREND-BUYING-@RESISTANCE MID 520-541.    
TARGETS/(499 (520-541) 561/COT COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-UP/LESS 1X. OPEN INTEREST-UP/MODERATE. VOLUME-FLAT. LONG TERM (8295-6810)
TRADED DOWN-VOLATILITY DOWN-MOVE UP-ABOVE TREND-MATCHED-MET RESISTANCE@7672     
TARGETS/(7501 (7587-7672) 7758)/COT COMMERCIALS EVEN LONG-NON COMMERCIALS LESS SHORT

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