Tuesday, November 26, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-NOV26/2019-TUES

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-DOWN/STEEP. VOLUME-UP. LONG TERM RANGE (352-473)
TRADING FLAT-ABOVE TREND-LESS VOLATILITY-CLOSED DOWN-MET SUPPORT MID RANGE@378  
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-BELOW TREND-FLAT VOLATILITY-TESTED/CLOSED ON OLD MAJOR TREND UP@889
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-UP. LONG TERM RANGE (387-593). 
TRADED FLAT-ABOVE TREND-LESS VOLATILITY-TESTED/CLOSED LOWER MID RANGE@530     
TARGETS/(561 (540-520) 500)/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)
TRADING UP-UPSIDE TREND-MORE VOLATILITY-CLOSED UP-IN FLAT CONSOLIDATION-BELOW 7552  
TARGET/(7634 (7552-7469) 7387)/NET COMMITMENT-HEDGERS COVERED/TRADERS LIQUIDATED

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