Monday, September 30, 2019

MAJOR GRAINS+CAD/USD-TREND ANALYSIS-SEPT30/2019-MON

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

CORN (ZCZ19): DAILY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 1.46MMT
TRENDS/PRICE-FLAT. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (473-352)
TRADED UP-BUYING-BREAKOUT UP-ESCALATED-@RESISTANCE@387-HIGHER CLOSE WILL CONFIRM 
TARGETS/405 (387-369) 352)TRADERS/COMMERCIALS (COVERED)-NON COMMERCIALS (SOLD LONG) 

SOYS (ZSX19) FLATY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 2.21MMT 
TRENDS/PRICE-DOWN. OPEN INTEREST-UP. VOLUME UP DAY. LONG TERM RANGE (1067-791) 
TRADED UP-BUYING-MOVEMENT UP-ESCALATED-TESTED/CLOSED ABOVE 903/LAST HIGH@TREND
TARGETS/(932 (903-875) 847)TRADERS/COMMERCIALS (SOLD SHORT)-NON COMMERCIALS (COVERED)

WHEAT (ZWZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 1.41MMT 
TRENDS/PRICE-REVISED UP. OPEN INTEREST-FLAT. VOLUME-UP. LONG TERM RANGE-(593-387). 
TRADED UP-NET BUYING-MOVEMENT UP-ESCALATED-MET RESISTANCE@500-ABOVE NEW TREND     
TARGETS/(459 (479-500) 520)TRADERS/COMMERCIALS (COVERED)-NON COMMERCIALS (SOLD LONG)

DOLLAR (D6Z19) CAD/USD : DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM RANGE (8295-6809)
TRADED FLAT-MIXED-MOVEMENT FLAT-DEESCALATED-@RESISTANCE LEVEL@7552/TREND    
TARGETS/(7634 (7552-7469) 7387)/COMMERCIALS (COVERED)-NON COMMERCIALS (SOLD LONG)

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