Thursday, February 27, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING-FEB27/2020-THUR

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-DOWN VOLUME-UP DAYS. LONG TERM RANGE-(352-473)
TRADING: DOWN-OVERSOLD BELOW TREND-SELLING-ESCALATED-MET SUPPORT@369-MAR EXPIRY.
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 2.19MMT 
TRENDS: PRICE UP/MONTHLY. OPEN INTEREST-DOWN. VOLUME-UP. LONG TERM RANGE (791-1067)
TRADING: FLAT-ALONG TREND-BUYING-ESCALATED-BUYING ABOVE 875-CLOSED UP-MAR EXPIRY 
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 DOWN/STEEP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM (387-593). 
TRADING: DOWN-ON TREND-SELLING-ESCALATED-TESTED/CLOSED BELOW 530 AS MINOR SUPPORT    
TARGETS/(500 (520-541) 561)/(NET) COMMITMENT-HEDGERS SOLD SHORT/TRADERS COVERED

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN/LOWER. OPEN INTEREST-FLAT. VOLUME-FLAT LONG TERM-(6809-8295)
TRADING: DOWN-OVERSOLD-NET SELLING-DEESCALATED-CLOSED BELOW MAJOR SUPPORT@7501 
TARGETS/(7587 (7552-7501) 7469)/NET COMMITMENT-HEDGERS BOUGHT/TRADERS SOLD LONG

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