Wednesday, November 20, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-NOV20/2019-WED

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)-TRENDS-TARGETS
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. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADING DOWN-ON TREND-FLAT VOLATILITY-CLOSED DOWN-MET SUPPORT 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/MORE. OPEN INTEREST-UP. VOLUME FLAT. LONG TERM RANGE (791-1067) 
TRADING DOWN/MORE-BELOW TREND-MORE VOLATILITY-CLOSED DOWN-SUPPORT UPSIDE 903
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. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (387-593). 
TRADING UP-ON TREND-LESS VOLATILITY-CLOSED UP-RESISTANCE@520 HELD-DAY HIGH-FLAT    
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-FLAT. LONG TERM RANGE (6809-8295)
TRADING DOWN-ON TREND-FLAT VOLATILITY-CLOSED DOWN-SUPPORT MID 7552-7469  
TARGETS/(7634 (7552-7469) 7387)/COMMITMENTS: HEDGERS SOLD SHORT/TRADERS LIQUIDATED

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