Tuesday, March 10, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR10/2020

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=UP 0.50MMT
TRENDS: PRICE-DOWN/ORIGINAL. OPEN INTEREST-UP/DAY. VOLUME-DOWN. LONG TERM-(473-352)
TRADING: HIGHER-BELOW TREND-NET BUYING-DECREASED-MET RESISTANCE/CLOSED@369-.  
TARGETS/(405 (387-369) 352)/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 UP/MONTHLY. OPEN INTEREST-UP. VOLUME-UP. LONG TERM (791-1067)
TRADING: HIGHER-BELOW TREND-SELLING-DECREASED-TESTED/CLOSED@875 AS SUPPORT. 
TARGETS/(932 (903-875) 847)/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/LESS. OPEN INTEREST-DOWN/LESS. VOLUME-UP. LONG TERM (593-387). 
TRADING: HIGHER-ABOVE TREND-NET BUYING-DECREASED-TESTED RESISTANCE/CLOSED OVER 520.     
TARGETS/(541 (520-500) 479)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN/LOWER. OPEN INTEREST-DOWN. VOLUME-UP LONG TERM-(8295-6809)
TRADING: DOWN-ALONG TREND-NET SELLING-DECREASED-TESTED/CLOSED BELOW 7304/OPEN GAP
TARGETS/(7469(7387-7304)7222)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

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