Wednesday, September 11, 2019

MAJOR GRAINS+CAD/USD-TREND ANALYSIS-SEPT11/2019-WED

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

CORN (CZ19): DAILY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=1.46MMT DOWN
TRENDS/PRICE-DOWN/LESS. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM-(473-352)
TRADED UP-MOVE UP-DEESCALATED-SELLING-UP-ABOVE TREND-MET RESISTANCE DOWNSIDE 364
TARGETS/(382 (364-345) 326)TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG 

SOYS (SX19) DAILY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=2.21MMT DOWN
TRENDS/PRICE-INITIAL DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM (1067-791) 
TRADED FLAT-MOVE DOWN-DEESCALATED-SELLING-UPSIDE TREND-FLAT@872 AS RESISTANCE-TOPPY
TARGETS/(901 (872-844) 815)TRADERS/COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

WHEAT (WZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=1.41MMT UP
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-DOWN. VOLUME-DOWN. RANGE-(593-418). 
TRADED FLAT-MOVE UP-DEESCALATED-SELLING- FLAT ABOVE TREND-479 AS RESISTANCE-TOPPY     
TARGETS/(479 (459-438) 418)TRADERS/COMMERCIALS NOW LONG-NON COMMERCIALS NOW EVEN

DOLLAR CAD/USD (SEP/2019): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-DOWN. VOLUME-UP. RANGE (8295-6810)
TRADED DOWN-MOVE 3 FLAT HIGHS-ESCALATED-SELLING-THROUGH/CLOSED BELOW 7587-TOPPING    
TARGETS/(7672 (7587-7501) 7416)/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

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