Monday, November 11, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-NOV11/2019-MON

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS-LINES UP: JOINING DISTINCT HIGHER LOWS.-LINES DOWN: JOINING DISTINCT LOWER HIGHS 
TRADED: DIRECTION-ACTIVITY-VOLATILITY, (HI/LO PRICE RANGE)-TARGET-TREND
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ19): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 6.07MMT
TRENDS: PRICE-DOWN/MORE. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADING FLAT-SELLING-LESS VOLATILITY SUPPORT@OLD HIGH-LOWER CLOSE-ABOVE TREND/369  
TARGETS/(405 (387-369) 352)COMMITMENTS: HEDGERS BOUGHT LONG/TRADERS SOLD SHORT 

SOYBEANS (ZSF20) DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 0.01MMT 
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME UP. LONG TERM RANGE (791-1067) 
TRADED DOWN-SELLING-STEADY VOLATILITY-CLOSED DOWN@917 MID RANGE-BELOW TREND
TARGETS/(960 (932-903) 875)COMMITMENTS: HEDGERS COVERED SHORT/TRADERS SOLD SHORT

WHEAT (ZWZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.47MMT 
TRENDS: PRICE-DOWN. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM RANGE-(387-593). 
TRADING DOWN-SELLING-LESS VOLATILITY-CLOSED DOWN-BELOW RESISTANCE@510/TREND   
TARGETS/(479 (500-520) 540)COMMITMENTS: HEDGERS BOUGHT LONG/TRADERS SOLD SHORT

DOLLAR (D6Z19) CAD/USD : DAY LIMIT $4.00                       
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN/TOP. VOLUME-UP. LONG TERM RANGE (6809-8295)
TRADED FLAT--BUYING-LESS VOLATILITY-CLOSED FLAT ON SUPPORT@7552-BELOW TREND   
TARGETS/(7469 (7552-7634) 7717)/COMMITMENTS: HEDGERS SOLD SHORT/TRADERS BOUGHT LONG

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