Tuesday, April 14, 2020

MAJOR GRAINS+CAD/USD-TREND ANALYSIS-APR14/2020-TUESDAY

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 (ZCN20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 5.83MMT
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(473-325).
TRADING FLAT-ESCALATED-SELLING-BELOW TREND-LOW FOR JULY@331 SHOWS MAJOR SUPPORT.  
TARGETS/(375 (355-334) 314)/NET COMMITMENTS-COMS ACCUMULATED/NON COMS SOLD SHORT

SOYS (ZSN20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-DOWN-2.99MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-FLAT. LONG TERM-RANGE-(1067-791).
TRADED DOWN-DEESCALATED-SELLING-BELOW TREND-ABOVE SUPPORT@850-MADE A LOWER HIGH. 
TARGETS/(907 (878-850) 821)/NET COMMITMENTS-COMS SOLD SHORT/NON COMS ACCUMULATED

WHEAT (ZWN20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 3.63MMT 
TRENDS PRICE-DOWN-OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADED DOWN-STEADY-SELLING-ABOVE TREND-RESISTANCE@557-HELD-SUPPORT@(MID-RANGE).    
TARGETS/(580 (557-535) 513)/NET COMMITMENTS-COMS COVERED/NON COMS SOLD SHORT

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED FLAT-DEESCALATED-MIXED SELLING-OFF TREND-MET/CLOSED ABOVE RESISTANCE@7197.
TARGETS/(7021 (7109-7197)/NET COMMITMENTS-COMS COVERED/NON COMS LIQUIDATED

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