Monday, October 21, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT21/2019-MON

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

SOYS (ZSX19) FLATY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 5.08MMT 
TRENDS/PRICE-UP. OPEN INTEREST-UP. VOLUME FLAT. LONG TERM RANGE (791-1067) 
TRADED FLAT-BELOW TREND-MOVE DOWN-NET SELLING-STEADY 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-DOWN. LONG TERM RANGE-(387-593). 
TRADED UP-ABOVE TREND-MOVE UP-SELLING-STEADY VOLATILITY-CLOSED ABOVE 520    
TARGETS/(500 (520-540) 561)-COMMERCIALS (LESS LONG)-NON COMMERCIALS (NOW LONG)

DOLLAR (D6Z19) CAD/USD : DAILY LIMIT $4.00                       
TRENDS/PRICE-UP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE (8295-6809)
TRADED UP-ABOVE TREND-MOVE UP-BUYING-MORE VOLATILITY-CLOSED ABOVE RESISTANCE@7634   
TARGETS/(7717 (7634-7552) 7469)/COMMERCIALS (MORE SHORT)-NON COMMERCIALS (MORE LONG)

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