Tuesday, February 11, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-FEB11/2020-TUES

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS-LINES UP: JOINING DISTINCT HIGHER LOWS.-LINES DOWN: JOINING DISTINCT LOWER HIGHS 
TRADING: DIRECTION-TREND-ACTIVITY-MOMENTUM, (HI/LO PRICE RANGE)-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 0.97MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN/EXPIRY VOLUME-UP LONG TERM RANGE (352-473)
TRADING LOWER-ALONG RESISTANCE@TREND/MID 387-369-NET SELLING-STEADY-LOWER CLOSES
TARGETS/(405 (387-369) 352)/(NET) COMMITMENT-HEDGERS LESS SHORT/TRADERS LESS LONG 

SOYS (ZSH20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 21.9MMT 
TRENDS: PRICE DOWN/STEEP. OPEN INTEREST-UP. VOLUME FLAT. LONG TERM (791-1067) 
TRADED LOWER-FLAT FROM TREND-RESISTANCE MID(RANGE)/LOWS-OFFSET-STEADY-FLAT CLOSE 
TARGETS/(923 (903-875) 847)/(NET) COMMITMENT-HEDGERS MORE LONG/TRADERS MORE SHORT

WHEAT (ZWH20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.84MMT 
TRENDS: PRICE UP. OPEN INTEREST-TOPPING. VOLUME-UP. LONG TERM RANGE (387-593). 
TRADING LOWER-THROUGH/CLOSED BELOW TREND-SELLING-ESCALATED-CLOSE TO TREND DOWN   
TARGETS/(541 (561-581) 603)/(NET) COMMITMENT-HEDGERS MORE SHORT/TRADERS MORE LONG

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM (6809-8295)
TRADED HIGHER-ABOVE TREND-NET BUYING-ESCALATED-HIGHER CLOSE-MET SUPPORT@7501 
TARGETS 7672 (7587-7501) 7416/NET COMMITMENT-HEDGERS LESS SHORT/TRADERS LESS LONG

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