Friday, February 21, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-FEB21/2020-FRI

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-FLAT LONG TERM RANGE-(352-473)
TRADED DOWN-OVERSOLD-SELLING-STEADY-MET SUPPORT@380/BOTTOM OF FLAT CONSOLIDATION
TARGETS/(405 (387-369) 352)/(NET) COMMITMENT-HEDGERS SOLD SHORT/TRADERS BOUGHT LONG 

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 21.9MMT 
TRENDS: PRICE UP. OPEN INTEREST-DOWN. VOLUME FLAT. LONG TERM-(791-1067) 
TRADED FLAT-ON TREND-SELLING-ESCALATED-TESTED/CLOSED BELOW 903 ON TREND-TOPPY  
TARGETS/(923 (903-875) 847)/(NET) COMMITMENT-HEDGERS SOLD SHORT/TRADERS COVERED

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). 
TRADED FLAT-ON TREND-NET SELLING-ESCALATED-CLOSED BELOW 561/TREND-FLAT MOVE    
TARGETS/(541 (561-581) 603)/(NET) COMMITMENT-HEDGERS SOLD SHORT/TRADERS COVERED

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT LONG TERM-(6809-8295)
TRADED FLAT-BELOW TREND-BUYING-ESCALATED-TESTED/CLOSED UP ABOVE 7552-FLAT MOVE
TARGETS/(7587 (7552-7501) 7469)/NET COMMITMENT-HEDGERS BOUGHT/TRADERS SOLD LONG

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