Thursday, September 26, 2019

MAJOR GRAINS+CAD/USD-TRENDS/MOVES-SEPT26/2019-THUR

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-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-DOWN. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (473-352)
TRADED DOWN-MOVE FLAT-ESCALATED-BUYING-ALONG SUPPORT@369 ABOVE TREND
TARGETS/(387 (369-352) 333)TRADERS/COMMERCIALS (COVERED)-NON COMMERCIALS (SOLD SHORT) 

SOYS (ZSX19) DAILY 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 FLAT-MOVE DOWN-DEESCALATED-SELLING-SUPPORT@MID POINT IN 903-875-BELOW 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-MOVE DOWN-ESCALATED-BUYING-MET RESISTANCE AGAIN/CLOSED@485-UPSIDE TREND     
TARGETS/(505 (485-466) 446)TRADERS/COMMERCIALS (SOLD SHORT)-NON COMMERCIALS (COVERED)

DOLLAR (D6Z19) CAD/USD : DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (8295-6809)
TRADED FLAT-MOVE FLAT-DEESCALATED-SELLING-RESISTANCE AGAIN@7552/TREND    
TARGETS/(7634 (7552-7469) 7387)/COMMERCIALS (SOLD SHORT)-NON COMMERCIALS (BOUGHT LONG)

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