Thursday, March 19, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR19/2020

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADING: DIRECTION-VOLATILITY (HI/LO PRICE RANGE LENGTH)-ACTIVITY-TREND-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=UP 0.50MMT
TRENDS PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM-(473-332).
TRADED UP-MORE VOLATILITY-NET BUYING-ACROSS TREND-MET RESISTANCE@355-HIGHER LOW  
TARGETS/(375 (355-334) 314)/NET COMMITMENTS-HEDGERS LIQUIDATED/TRADERS COVERED

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 3.58MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADING UP-MORE VOLATILITY-NET BUYING-MET RESISTANCE@TREND-TESTED/CLOSED BELOW 847 
TARGETS/(878 (847-816) 785)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.90MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE-(593-387). 
TRADING UP-MORE VOLATILITY-BUYING-ABOVE BOTH TRENDS DOWN/UP-MET RESISTANCE@541     
TARGETS/(561 (541-517) 493)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS ACCUMULATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE-DOWN/STEEP. OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADING DOWN-LESS VOLATILITY-MIXED BUYING-@TREND-MET RESISTANCE@6933-LOW@6820-.
TARGETS/(7021-6933) 6845)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

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