Friday, November 15, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-NOV15/2019-FRI

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 (ZCH20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 6.07MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP/MORE. VOLUME-FLAT. LONG TERM RANGE (352-473)
TRADED DOWN-CLOSED DOWN-MORE VOLATILITY-MORE TEST OF SUPPORT@381-ON TREND  
TARGETS/(405 (387-369) 352)COMMITMENTS: HEDGERS COVERED SHORT/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 DOWN. LONG TERM RANGE (791-1067) 
TRADED UP-CLOSED UP-MORE VOLATILITY-THROUGH RESISTANCE MID (932-903)-BELOW TREND
TARGETS/(960 (932-903) 875)COMMITMENTS: HEDGERS BOUGHT LONG/TRADERS SOLD SHORT

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.47MMT 
TRENDS: PRICE-DOWN/MORE. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE (387-593). 
TRADED DOWN-CLOSED DOWN-FLAT VOLATILITY-CLOSED MID(500-520)RANGE-BELOW REVISED TREND    
TARGETS/(479 (500-520) 540)COMMITMENTS: HEDGERS BOUGHT LONG/TRADERS BOUGHT LONG

DOLLAR (D6Z19) CAD/USD : DAY LIMIT $4.00                       
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN/STEEP. VOLUME-FLAT. LONG TERM RANGE (6809-8295)
TRADED UP-CLOSED UP-MORE VOLATILITY-TESTED/CLOSED@ RESISTANCE@7552-@TREND   
TARGETS/(7469 (7552-7634) 7717)/COMMITMENTS: HEDGERS SOLD SHORT/TRADERS LIQUIDATED

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