Friday, November 08, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADED-NOV08/2019-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-TREND-ACTIVITY-VOLATILITY, (HI/LO PRICE RANGE)-TARGET 
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. OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM RANGE (352-473)
TRADED FLAT-BELOW TREND-SELLING-MORE VOLATILITY-CLOSED UP-MET RESISTANCE BELOW 387  
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 FLAT-ON TREND-SELLING-STEADY VOLATILITY-TESTED/CLOSED@MAJOR SUPPORT@932
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-UP. LONG TERM RANGE-(387-593). 
TRADING DOWN-BELOW TREND-SELLING-MORE VOLATILITY-CLOSED DOWN-TESTED SUPPORT@510   
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)
TRADING DOWN-ALONG TREND-SELLING-MORE VOLATILITY-CLOSED DOWN DOWNSIDE TREND@7552   
TARGETS/(7469 (7552-7634) 7717)/COMMITMENTS: HEDGERS SOLD SHORT/TRADERS BOUGHT LONG

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