Friday, November 22, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-NOV22/2019-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)-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-TOPPING. VOLUME-FLAT. LONG TERM RANGE (352-473)
TRADING FLAT-ON TREND-LESS VOLATILITY-CLOSED FLAT-MET SUPPORT MID (387-369)-SELLING  
TARGETS/(405 (387-369) 352)/NET COMMITMENT-HEDGERS SOLD SHORT/TRADERS COVERED 

SOYBEANS (ZSF20) DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 0.01MMT 
TRENDS: PRICE-DOWN/STEEP. OPEN INTEREST-UP. VOLUME DOWN. LONG TERM RANGE (791-1067) 
TRADING DOWN-WELL BELOW TREND-LESS VOLATILITY-CLOSED DOWN-DOWNSIDE 903-SELLING
TARGETS/(932 (903-875) 847)/NET COMMITMENT-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.47MMT 
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE (387-593). 
TRADED FLAT-ON TREND-FLAT VOLATILITY-CLOSED UP-RESISTANCE@PREVIOUS HIGHS/520    
TARGETS/(540 (520-500) 479)/NET COMMITMENT-HEDGERS COVERED/TRADERS ACCUMULATED

DOLLAR (D6Z19) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (6809-8295)
TRADED UP-UPSIDE TREND-LESS VOLATILITY-CLOSED DOWN-DOWNSIDE 7552 AS RESISTANCE  
TARGET/(7634 (7552-7469) 7387)/NET COMMITMENT-HEDGERS COVERED/TRADERS LIQUIDATED

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