Thursday, November 07, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-NOV07/2019-THURS

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-DOWN/MORE OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (352-473)
TRADING DOWN-ABOVE TREND-SELLING-MORE VOLATILITY-SUPPORT@PREVIOUS HIGH-ABOVE 369  
TARGETS/(405 (387-369) 352)COMMERCIALS (MORE SHORT)-NON COMMERCIALS (LESS SHORT) 

SOYBEANS (ZSF20) DAILY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 5.08MMT 
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADED UP-ON TREND-BUYING MORE VOLATILITY-TESTED/CLOSED ABOVE MAJOR SUPPORT@932
TARGETS/(960 (932-903) 875)COMMERCIALS (MORE 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-UP. LONG TERM RANGE-(387-593). 
TRADING DOWN-BELOW TREND-SELLING-STEADY VOLATILITY-CLOSED DOWN-RESISTANCE@520)   
TARGETS/(479 (500-520) 540)-COMMERCIALS (LESS SHORT)-NON COMMERCIALS (LESS LONG)

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

No comments:

Google+