Wednesday, October 30, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT30/2019-WED

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS-LINES UP: JOINING DISTINCT HIGHER LOWS.-LINES DOWN: JOINING 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
TRENDS: PRICE-UP, OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE (352-473)
TRADED UP-ABOVE TREND-BUYING MORE VOLATILITY-TESTED/CLOSED UP ABOVE 387-A HIGHER LOW 
TARGETS/(369 (387-405) 423)COMMERCIALS (LESS SHORT)-NON COMMERCIALS (NOW SHORT) 

SOYS (ZSF20) DAILY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 5.08MMT 
TRENDS: PRICE-UP/LESS. OPEN INTEREST-DOWN. VOLUME DOWN. LONG TERM RANGE (791-1067) 
TRADED DOWN-ON TREND-SELLING LESS VOLATILITY-TESTED/CLOSED DOWN BELOW SUPPORT@932
TARGETS/(903 (932-960) 988)COMMERCIALS (EQUAL 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-FLAT. VOLUME-FLAT. LONG TERM RANGE-(387-593). 
TRADED DOWN-ON TREND-SELLING-LESS VOLATILITY-CLOSED DOWN BELOW TREND/MID(520-500)    
TARGETS/(500 (520-540) 561)-COMMERCIALS (NOW SHORT)-NON COMMERCIALS (MORE LONG)

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

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