Thursday, October 24, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT24/2019-THUR

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDLINES: UP-JOIN DISTINCT HIGHER LOWS-TRENDLINES: DOWN-JOIN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-TREND-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
TRENDLINES: PRICES-UP, OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADED UP-BELOW TRENDLINE-NET SELLING-STEADY VOLATILITY-SUPPORT PREVAILING@387 
TARGETS/(369 (387-405) 423)COMMERCIALS (LESS SHORT)-NON COMMERCIALS (MORE LONG) 

SOYS (ZSF20) DAILY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 5.08MMT 
TRENDLINES: PRICES-UP. OPEN INTEREST-UP. VOLUME DOWN. LONG TERM RANGE (791-1067) 
TRADED FLAT-BELOW TRENDLINE-SELLING-LESS VOLATILITY-SUPPORT HELD@MID (960-932)
TARGETS/(903 (932-960) 988)COMMERCIALS (MORE SHORT)-NON COMMERCIALS (MORE LONG)

WHEAT (ZWZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 1.30MMT 
TRENDLINES: PRICES-UP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(387-593). 
TRADED FLAT-ABOVE TRENDLINE-SELLING STEADY VOLATILITY-TESTED/CLOSED BELOW 520    
TARGETS/(500 (520-540) 561)-COMMERCIALS (LESS LONG)-NON COMMERCIALS (NOW LONG)

DOLLAR (D6Z19) CAD/USD : DAILY LIMIT $4.00                       
TRENDLINES: PRICES-UP. OPEN INTEREST-UP/STEEP. VOLUME-DOWN. LONG TERM RANGE (8295-6809)
TRADED UP-ABOVE TRENDLINE-OFFSET-STEADY VOLATILITY-CLOSED UP ABOVE 7634   
TARGETS/(7717 (7634-7552) 7469)/COMMERCIALS (MORE SHORT)-NON COMMERCIALS (MORE LONG)

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