Thursday, March 26, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR26/2020

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-UP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(473-332).
TRADING UP-LESS VOLATILITY-MATCHED BUYING-ON TREND AS SUPPORT-RESISTANCE BELOW 355.  
TARGETS/(375 (355-334) 314)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 3.58MMT 
TRENDS PRICE-UP/SLOW. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADED DOWN-LESS VOLATILITY-BUYING-ON TREND-RESISTANCE 878/TREND-CLOSED DOWN-TOPPY. 
TARGETS/(821(850-878) 907)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS COVERED

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.90MMT 
TRENDS PRICE-UP/STEEP. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE-(593-387). 
TRADED UP-LESS VOLATILITY-SELLING-ON TREND-RESISTANCE@580 PREVAILED-CLOSED DOWN.    
TARGETS/(535 (557-580) 602)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP/STEEP OPEN INTEREST-DOWN/SLOW. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADING UP-STEADY VOLATILITY-NET BUYING-ABOVE TREND-MET RESISTANCE@7150-BULLISH.
TARGETS/(7150 (7230-7215)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

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