Wednesday, April 08, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-APR08/2020

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 5.83MMT
TRENDS PRICE-DOWN/SHORT TERM. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-(473-325).
TRADED FLAT-VOLATILITY LESS-NET SELLING-ON TREND-RESISTANCE@334-CLOSED DOWN-TOPPY.  
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-DOWN-2.99MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADED DOWN-VOLATILITY FLAT-NET SELLING-ON TREND-UPSIDE 850/SUPPORT-CLOSED DOWN. 
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=UP 3.63MMT 
TRENDS PRICE-DOWN/LESS-OPEN INTEREST-FLAT. VOLUME-DOWN. LONG TERM RANGE-(593-387). 
TRADED FLAT-VOLATILITY FLAT-SELLING-ON TREND/REVISED-RESISTANCE@557-CLOSED DOWN.    
TARGETS/(580 (557-535) 513)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS ACCUMULATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE UP. OPEN INTEREST-DOWN/DRIFTING. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED FLAT-VOLATILITY LESS-NET SELLING-DOWNSIDE TREND-ON 7109 AS SUPPORT.
TARGETS/(7021 (7109-7197)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED

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