Friday, February 14, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-FEB14/2020-FRI

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-FLAT LONG TERM RANGE (352-473)
TRADED LOWER-BELOW TREND/387-SELLING-STEADY-LOWER CLOSES-OVERSOLD
TARGETS/(405 (387-369) 352)/(NET) COMMITMENT-HEDGERS BOUGHT LONG/TRADERS SOLD SHORT 

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 21.9MMT 
TRENDS: PRICE UP. OPEN INTEREST-UP. VOLUME DOWN. LONG TERM (791-1067) 
TRADED LOWER-THROUGH/CLOSED BELOW TREND/903-SELLING-ESCALATED-POSSIBLE CORRECTION 
TARGETS/(923 (903-875) 847)/(NET) COMMITMENT-HEDGERS SOLD SHORT/TRADERS SOLD 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-LOOKS LIKE A BOTTOM@541-SELLING-DEESCALATED-LOWER CLOSE    
TARGETS/(520 (541-561) 581) 603)/(NET) COMMITMENT-HEDGERS COVERED/TRADERS SOLD SHORT

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

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