Tuesday, January 07, 2020

MAJOR GRAINS+CAD/USD-TRENDS-TRADING-TARGETS-JAN07/2020

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/LESS CHINA-2019/20=DOWN 1.17MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN, LONG TERM RANGE (352-473)
TRADING FLAT-IN OFFSET-WEAK MOMENTUM-ON TREND-BELOW 387-UP TREND PENETRATED  
TARGETS/(352 (369-387) 405)/NET COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG 

SOYS (ZSH20)-DAY LIMIT $0.65/BU-WORLD END STOCKS/LESS CHINA-2019/20=UP 1.18MMT 
TRENDS: PRICE UP. OPEN INTEREST-FLAT. VOLUME DOWN. LONG TERM RANGE (791-1067) 
TRADING DOWN-OFFSET BUYING-FLAT MOMENTUM-BELOW TREND/ABOVE 932@PREVIOUS LOW  
TARGETS/(903 (932-960) 988)/NET COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.57MMT 
TRENDS: PRICE UP. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM RANGE (387-593). 
TRADING DOWN-OFFSET BUYING-LOST MOMENTUM-MET RESISTANCE@TREND-CLOSED FLAT@550    
TARGETS/(520 (541-561) 581)/NET COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-UP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE (6809-8295)
TRADING FLAT CONSOLIDATION-NET SELLING-GAINED MOMENTUM-RESISTANCE@TOP/7717 HELD 
TARGETS/(7634-7717) 7803)/NET COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG

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