Friday, October 25, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-OCT25/2019-FRI

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-UP/FLAT. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADED FLAT-BELOW TRENDLINE-OFFSET SELLING-LESS VOLATILITY-MORE SUPPORT@387 
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 
TRENDLINES: PRICES-UP/LESS. OPEN INTEREST-DOWN. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADED DOWN-ABOVE REVISED TRENDLINE-SELLING-MORE VOLATILITY-SUPPORT HELD@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 
TRENDLINES: PRICES-UP. OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE-(387-593). 
TRADED DOWN-ABOVE TRENDLINE-OFFSET SELLING-STEADY VOLATILITY-TESTED/CLOSED BELOW 520    
TARGETS/(500 (520-540) 561)-COMMERCIALS (NOW SHORT)-NON COMMERCIALS (MORE LONG)

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

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