Wednesday, July 31, 2019

3MAJOR GRAINS+CAD/USD-TRENDS/TRADED-JULY31/2019

MARKETS: PRICE SUPPLY/DEMAND PREVAILING DURING TRADING
TRENDS: LINES JOINING: TRENDS UP-DISTINCT HIGHER LOWS-TRENDS DOWN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-MOVE-INTENSITY (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 STFLAT-2019/20-LESS CHINA 8.39MMT UP
TRENDS/PRICE-DOWN/LESS 1X. OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM-(473-373)
TRADED DOWN-MOVE DOWN-ESCALATED-SELLING-ON TREND-MET SUPPORT/CLOSED MID 420-401
TARGETS/(439 (420-401) 382) COMMITMENTS/COMMERCIALS SHORT-NON COMMERCIALS LONG 

SOYS (NOV/2019): DAILY LIMIT $0.65/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-8.13MMT DOWN
TRENDS/PRICE-DOWN/MORE SO 1X. OPEN INTEREST-DOWN. VOLUME-FLAT LONG TERM (1067-791) 
TRADED DOWN-MOVE DOWN-ESCALATED-SELLING-ON TREND-BREAKOUT DOWN-CLOSED ABOVE 872
TARGETS/(929 (901-872) 844)) COMMITMENTS/COMMERCIALS LONG-NON COMMERCIALS LONG

WHEAT DEC/2019): DAY LIMIT $0.35/BU WORLD FINAL STOCKS-2019/20-LESS CHINA-7.58MMT DOWN 
TRENDS/PRICE-DOWN/MORE SO 1X. OPEN INTEREST-FLAT. VOLUME-FLAT. RANGE-(418-593). 
TRADED DOWN-MOVE DOWN-ESCALATED-SELLING-ON TREND-CLOSED BELOW PREVIOUS LOW+499      
TARGETS/(520 (499-479) 459) COMMITMENTS/COMMERCIALS SHORT-NON COMMERCIALS LONG

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-FLAT. VOLUME-UP. LONG TERM (8295-6810)
TRADED FLAT-MOVE DOWN-ESCALATED-NET SELLING-ON TREND-CLOSED BELOW TREND@7587     
TARGETS/(7758 (7672-7587) 7501) COMMITMENTS/COMMERCIALS SHORT-NON COMMERCIALS LONG

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