Thursday, February 13, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-FEB13/2020-THUR

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 (ZCK20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 0.97MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-UP VOLUME-DOWN LONG TERM RANGE (352-473)
TRADED LOWER-BELOW TREND-DOWNSIDE 387-SELLING-DEESCALATED-LOWER CLOSE
TARGETS/(405 (387-369) 352)/(NET) COMMITMENT-HEDGERS LESS SHORT/TRADERS LESS LONG 

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 21.9MMT 
TRENDS: PRICE UP. OPEN INTEREST-TOPPING. VOLUME UP. LONG TERM (791-1067) 
TRADING HIGHER-ABOVE TREND-STRADDLED/CLOSED HIGHER ABOVE 903-NET BUYING-STEADY 
TARGETS/(923 (903-875) 847)/(NET) COMMITMENT-HEDGERS MORE LONG/TRADERS MORE SHORT

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.84MMT 
TRENDS: PRICE UP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (387-593). 
TRADING FLAT-BELOW TREND-POTENTIAL BOTTOM@541-NET SELLING-ESCALATED-LOWER CLOSE-    
TARGETS/(520 (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/FLAT. VOLUME-UP. LONG TERM (6809-8295)
TRADING HIGHER-ABOVE TREND/MAJOR SUPPORT@7501-MIXED SELLING-DEESCALATED-FLAT CLOSE 
TARGETS 7672 (7587-7501) 7416/NET COMMITMENT-HEDGERS LESS SHORT/TRADERS LESS LONG

No comments:

Google+