Friday, April 03, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-APR03/2020

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 OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(332-473).
TRADING DOWN-STEADY VOLATILITY-NET SELLING-PENETRATED/CLOSED BELOW TREND/334  
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-DOWN/MORE OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADED DOWN-STEADY VOLATILITY-NET SELLING-ON REVISED TREND-UPSIDE 847-CLOSED DOWN. 
TARGETS/(907 (878-847) 816)/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). 
TRADED UP-MORE VOLATILITY-MATCHED-PENETRATED TREND-MET RESISTANCE@557-CLOSED UP.    
TARGETS/(580 (557-535) 513)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS ACCUMULATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP/LESS. OPEN INTEREST-DOWN/SLOW. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED UP-MORE VOLATILITY-PENETRATED BOTH TRENDS-CLOSED DOWN@7068-@CONVERGENCE.
TARGETS/(6985 (7068-7150)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED

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