Friday, November 29, 2019

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-NOV29/2019-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-DOWN/FLAT. VOLUME-UP. LONG TERM RANGE (352-473)
TRADED FLAT-ABOVE TREND-MORE VOLATILITY-CLOSED UP-IN FLAT CONSOLIDATION-387-369  
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/STEEP-ON TREND-MORE VOLATILITY-CLOSED DOWN-HIGH@TREND-LOW@875 
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-UP. OPEN INTEREST-DOWN/LESS. VOLUME-DOWN. LONG TERM RANGE (387-593). 
TRADING UP-ON TREND-MORE VOLATILITY-TESTED/CLOSED UP ABOVE 540-BREAKOUT UP     
TARGETS/(520 (540-561) 581)/NET COMMITMENT-HEDGERS COVERED/TRADERS ACCUMULATED

DOLLAR (D6Z19) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN/LESS. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (6809-8295)
TRADING FLAT-ON TREND-MORE VOLATILITY-CLOSED UP-MID CONSOLIDATION-BELOW 7552  
TARGET/(7634 (7552-7469) 7387)/NET COMMITMENT-HEDGERS COVERED/TRADERS LIQUIDATED

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