Thursday, October 10, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT10/2019-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-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 3.72MMT
TRENDS/PRICE-UP. OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM RANGE (352-473)
TRADED-CORRECTION DOWN-SELLNG-MOVE DOWN-MORE VOLATILITY-CLOSED BELOW 387/TREND
TARGETS/(369 (387-405) 423)TRADERS/COMMERCIALS (SOLD SHORT)-NON COMMERCIALS (COVERED) 

SOYS (ZSX19) FLATY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 5.08MMT 
TRENDS/PRICE-UP. OPEN INTEREST-UP. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADED-FLAT-SELLING-MOVE FLAT-MORE VOLATILITY-MET RESISTANCE@932 LEVEL ON TREND
TARGETS/(875 (903-932) 960)TRADERS/COMMERCIALS (SOLD SHORT)-NON COMMERCIALS (COVERED)

WHEAT (ZWZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 1.30MMT 
TRENDS/PRICE-UP. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE-(387-593). 
TRADED DOWN-MOVE FLAT-MORE VOLATILITY-RESISTANCE@500 PREVAILED-TESTED/CLOSED@TREND     
TARGETS/(459 (479-500) 520)-COMMERCIALS (BOUGHT LONG)-NON COMMERCIALS (SOLD LONG)

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

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