Thursday, October 17, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT17/2019-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-TREND-MOVEMENT-ACTIVITY-VOLATILITY, (HI/LO PRICE RANGE)-TARGET 
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 UP-ON TREND-MOVE UP-NET BUYING-STEADY VOLATILITY-RESISTANCE MID(387-405) HELD
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 FLAT-ON TREND-MOVE DOWN-NET SELLING-MORE VOLATILITY-CLOSED UPSIDE 932
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-UP. LONG TERM RANGE-(387-593). 
TRADED UP-ABOVE TREND-MOVE UP-BUYING-MORE VOLATILITY-TESTED/CLOSED ABOVE 520    
TARGETS/(479 (500-520) 541)-COMMERCIALS (MORE LONG)-NON COMMERCIALS (NOW SHORT)

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

No comments:

Google+