Friday, July 19, 2019

3MAJOR GRAINS+CAD/USD-TRENDS-JULY19/019-FRIDAY

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 STOCKS-2019/20-LESS CHINA 8.39MMT UP
TRENDS/PRICE-UP/LESS 2X. OPEN INTEREST-FLAT/DOWN. VOLUME-DOWN. LONG TERM-(343-473)
TRADED DOWN-MOVE FLAT-LESS VOLATILITY-NET BUYING-BELOW TREND-RESISTANCE@439 PREVAILED
TARGETS/(401 (420-439) 458)/COMMERCIALS MORE NET SHORT-NON COMMERCIALS MORE NET 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-DOWN/FLAT. VOLUME-UP. LONG TERM-(791-1067)
TRADED DOWN-MOVE FLAT-MORE VOLATILITY-NET BUYING-RESISTANCE@TREND/901 PREVAILED
TARGETS/(872 (901-929) 957)/COMMERCIALS LESS NET LONG-NON COMMERCIALS NOW NET LONG

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-7.58MMT DOWN 
TRENDS/PRICE-DOWN/STEEP. OPEN INTEREST-UP/FLAT. VOLUME-FLAT. LONG TERM-(418-593). 
TRADED UP-MOVE UP-MORE VOLATILITY-NET BUYING-ON TREND-TESTED/CLOSED ABOVE 520    
TARGETS/(479 (499-520) 541)/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-UP/FLAT. VOLUME-UP. LONG TERM (8295-6810)
TRADED FLAT-MOVE FLAT-MORE VOLATILITY-NET SELLING-CONTINUED RESISTANCE@7672     
TARGETS/(7501 (7587-7672) 7758)/COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG-NET

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