Wednesday, October 09, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT09/2019-WED

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-UP. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADED-FLAT-NET SELLNG-MOVE UP-LESS VOLATILITY-@RESISTANCE MID (387-405)) ABOVE TREND
TARGETS/(369 (387-405) 423)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-UP. OPEN INTEREST-FLAT. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADED-UP-NET BUYING-MOVE UP-LESS VOLATILITY-MET RESISTANCE@932 LEVEL ON TREND
TARGETS/(875 (903-932) 960)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-UP. LONG TERM RANGE-(387-593). 
TRADED UP-MATCHED-MOVE UP-LESS VOLATILITY-TESTED RESISTANCE/CLOSED@500-ABOVE 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-DOWN. LONG TERM RANGE (8295-6809)
TRADED FLAT-SELLING-MOVE FLAT-LESS VOLATILITY-RESISTANCE MID (7552-7469)@TREND LEVEL   
TARGETS/(7634 (7552-7469) 7387)/COMMERCIALS (COVERED)-NON COMMERCIALS (SOLD LONG)

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