MAJOR GRAINS+CAD/USD-TRENDS/TRADING-FEB19/2020-WED

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS: UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN 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 FLAT-MORE RESISTANCE@TREND/387-NET SELLING-DEESCALATED-IN FLAT CONSOLIDATION
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-TOPPY. VOLUME DOWN. LONG TERM (791-1067) 
TRADED UP-PENETRATED/CLOSED UP ABOVE TREND/GOOD RESISTANCE@903-BUYING-ESCALATED-
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-UP. VOLUME-DOWN. LONG TERM RANGE (387-593). 
TRADED FLAT-PENETRATED/CLOSED LOWER ABOVE TREND/RESISTANCE@561-BUYING-DEESCALATED    
TARGETS/(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-CHOPPY. LONG TERM (6809-8295)
TRADED UP-PENETRATED/CLOSED UP ABOVE TREND/RESISTANCE@7552-BUYING-STEADY 
TARGETS (7587 (7552-7501)/NET COMMITMENT-HEDGERS COVERED/TRADERS SOLD SHORT