Monday, November 18, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-NOV18/2019-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 (ZCH20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 6.07MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP/MORE. VOLUME-UP. LONG TERM RANGE (352-473)
TRADING DOWN-CLOSED DOWN-FLAT VOLATILITY-BELOW RECENT LOWS/ TREND-MID 387-369  
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) 
TRADING DOWN-CLOSED DOWN-MORE VOLATILITY-RESISTANCE (MID 932-903) HELD-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-FLAT. LONG TERM RANGE (387-593). 
TRADING DOWN-CLOSED UP-MORE VOLATILITY-CLOSED(MID 520-500)@RESISTANCE/REVISED TREND    
TARGETS/(540 (520-500) 479)COMMITMENTS: HEDGERS BOUGHT LONG/TRADERS BOUGHT LONG

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

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