Friday, January 10, 2020

MAJOR GRAINS+CAD/USD-TREND ANALYSIS-JAN10/2020-FRI

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS-LINES UP: JOINING DISTINCT HIGHER LOWS.-LINES DOWN: JOINING DISTINCT LOWER HIGHS 
TRADED: DIRECTION-ACTIVITY-MOMENTUM, (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 (CHINA)-2019/20=DOWN 0.75MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-UP LONG TERM RANGE (352-473)
TRADING FLAT-NET BUYING-GAINED MOMENTUM-ON TREND-MEETING RESISTANCE@387  
TARGETS/(352 (369-387) 405)/NET COMMITMENT-HEDGERS FLAT SHORT/TRADERS FLAT LONG 

SOYS (ZSH20)-DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 0.27MMT 
TRENDS: PRICE DOWN/NEW. OPEN INTEREST-UP. VOLUME FLAT. LONG TERM RANGE (791-1067) 
TRADED DOWN-NET BUYING-LOST MOMENTUM-BELOW TREND-LOWER HIGH-LOW ABOVE 932  
TARGETS/(903 (932-960) 988)/NET COMMITMENT-HEDGERS FLAT SHORT/TRADERS FLAT LONG

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS (CHINA)-19/20=DOWN 0.57MMT 
TRENDS: PRICE UP. OPEN INTEREST-UP. VOLUME-UP. LONG TERM RANGE (387-593). 
TRADING UP-OFFSET BUYING-GAINED MOMENTUM-ALONG SUPPORT@TREND-CLOSED ABOVE 561    
TARGETS/(520 (541-561) 581)/NET COMMITMENT-HEDGERS FLAT SHORT/TRADERS FLAT LONG

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-UP. OPEN INTEREST-UP/LESS. VOLUME-FLAT. LONG TERM RANGE (6809-8295)
TRADED FLAT-OFFSET SELLING-LOST MOMENTUM-BELOW TREND-MET MAJOR SUPPORT@7634 
TARGETS/(7634-7717) 7803)/NET COMMITMENT-HEDGERS LESS SHORT/TRADERS LESS LONG

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