Friday, October 04, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT04/2019-FRI

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 1.46MMT
TRENDS/PRICE-UP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (473-352)
TRADED DOWN-NET SELLING-MOVE DOWN-STEADY VOLATILITY-TESTED SUPPORT@387-ABOVE TREND
TARGETS/(352 (369-387) 405)TRADERS/COMMERCIALS (SOLD SHORT)-NON COMMERCIALS (COVERED) 

SOYS (ZSX19) FLATY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 2.21MMT 
TRENDS/PRICE-DOWN. OPEN INTEREST-UP. VOLUME FLAT. LONG TERM RANGE (1067-791) 
TRADED UP-NET BUYING-MOVE UP-STEADY VOLATILITY-RESISTANCE MID (RANGE) HELD-ABOVE TREND
TARGETS/(932 (903-875) 847)TRADERS/COMMERCIALS (SOLD SHORT)-NON COMMERCIALS (COVERED)

WHEAT (ZWZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 1.41MMT 
TRENDS/PRICE-UP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADED FLAT-NET BUYING-MOVE DOWN-LESS VOLATILITY-MET RESISTANCE MID (RANGE)-ON TREND     
TARGETS/(459 (479-500) 520)-COMMERCIALS (BOUGHT LONG)-NON COMMERCIALS (SOLD LONG)

DOLLAR (D6Z19) CAD/USD : DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (8295-6809)
TRADED UP-MIXED-MOVE DOWN-STEADY VOLATILE-MET RESISTANCE MID (RANGE)-BELOW TREND   
TARGETS/(7634 (7552-7469) 7387)/COMMERCIALS (COVERED)-NON COMMERCIALS (SOLD LONG)

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