Friday, September 27, 2019

MAJOR GRAINS+CAD/USD-TREND ANALYSIS-SEPT27/2019-FRI

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-DOWN. LONG TERM RANGE (473-352)
TRADED FLAT-IN OFFSET-MOVEMENT FLAT-DEESCALATED-ALONG SUPPORT LEVEL@369 IN TREND
TARGETS/(387 (369-352) 333)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 FLAT. LONG TERM RANGE (1067-791) 
TRADED DOWN-SELLING-MOVEMENT DOWN-STEADY-BELOW MID POINT LEVEL IN 903-875/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-DOWN. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM RANGE-(593-387). 
TRADED UP-IN OFFSET-MOVEMENT UP-DEESCALATED-PENETRATED/CLOSED ABOVE 485-ABOVE TREND     
TARGETS/(505 (485-466) 446)TRADERS/COMMERCIALS (COVERED)-NON COMMERCIALS (SOLD LONG)

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

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