Wednesday, April 01, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-APR01/2020

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/NEW. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(332-473).
TRADING DOWN-MORE VOLATILITY-SELLING-ON TREND-MET SUPPORT@334-X TREND CONVERGENCE.  
TARGETS/(375 (355-334) 314)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 3.58MMT 
TRENDS PRICE-DOWN/NEW. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADING DOWN-MORE VOLATILITY-SELLING-DOWNSIDE TREND-TESTED 878-X TREND CONVERGENCE. 
TARGETS/(907 (878-850) 821)/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/STEEP. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADING DOWN-MORE VOLATILITY-SELLING-ON TREND-TESTED 557-CLOSED DOWN BELOW.    
TARGETS/(580 (557-535) 513)/NET COMMITMENTS-HEDGERS LIQUIDATED/TRADERS COVERED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP/LESS STEEP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED FLAT-LESS VOLATILITY-SELLING-ON TREND-ABOVE 6985-TREND CONVERGENCE.
TARGETS/(6985 (7068-7150)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

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