Monday, March 16, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR16/2020

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/MORE. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(473-352).
TRADING DOWN-ESCALATED-NET SELLING-ABOVE REVISED TREND-MET/CLOSED@355 AS SUPPORT.  
TARGETS/(396 (375-355) 334)/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-UP/LESS. VOLUME-FLAT. LONG TERM-RANGE-(1067-791).
TRADING DOWN-ESCALATED-NET SELLING-BELOW TREND-MET/CLOSED UPSIDE SUPPORT@816 
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). 
TRADED DOWN-STEADY-NET SELLING-TESTED/CLOSED@TREND-MET SUPPORT@493-BEARISH     
TARGETS/(541 (517-493) 468)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS ACCUMULATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE-DOWN/STEEP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADING DOWN-ESCALATED-NET SELLING-ON TREND-TESTED SUPPORT@/CLOSED BELOW 7197.
TARGETS/(7285-7197)7109/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

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