Tuesday, October 15, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT15/2019-TUES

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-DOWN. LONG TERM RANGE (352-473)
TRADED FLAT-SELLING-MOVE DOWN-LESS VOLATILITY-SUPPORT@MID 405-387 ABOVE TREND
TARGETS/(369 (387-405) 423)COMMERCIALS (MORE SHORT)-NON COMMERCIALS (MORE LONG) 

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

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

DOLLAR (D6Z19) CAD/USD : DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE (8295-6809)
TRADED FLAT-SELLING-MOVE DOWN-LESS VOLATILITY-SUPPORT PREVAILED@7552-ABOVE TREND   
TARGETS/(7634 (7552-7469) 7387)/COMMERCIALS (LESS SHORT)-NON COMMERCIALS (LESS LONG)

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