Monday, July 20, 2020

Major Grains+CADUSD-Trends/Trading/Targets-Jul20/2020-Mon

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-TREND-TARGET-VOLATILITY=LENGTH-HI/LO PRICE RANGE-ACTIVITY
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ20). LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 0.82MMT
TRENDS: PRICE UP/REVISED-OPEN INTEREST UP -VOLUME DOWN -LONG TERM RANGE (473-302)
TRADED: DOWN-UPSIDE TREND-RESISTANCE@340+PREVIOUS HIGHS HELD-ESCALATED-SELLING   
TARGETS: (322-340) 358)/COMMITMENTS-USERS LESS NET LONG/FUNDS LESS NET SHORT.

SOYS (ZSX20). LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN-2.13MMT 
TRENDS: PRICE UP/STEEP-OPEN INTEREST UP -VOLUME DOWN -LONG TERM RANGE (1067-791).
TRADED: MOVE UP-ON TREND-TESTED MEASURED RESISTANCE@898-STEADY-BUYING-CLOSE UP
TARGETS: (831 (860-889) 917)/COMMITMENTS-USERS LESS NET SHORT/FUNDS LESS NET LONG
.
WHEAT (ZWU20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 0.22MMT 
TRENDS: PRICE UP/LESS-OPEN INTEREST DOWN -VOLUME DOWN -LONG TERM (593-387). 
TRADED: MOVE DOWN-ON UPSIDE TREND-TESTED/CLOSE ABOVE 520-ESCALATED-NET SELLING.  
TARGETS: (495 (520-544) 569)/COMMITMENTS-USERS LESS NET LONG /FUNDS NOW NET LONG 

DOLLAR (D6U20) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE UP -OPEN INTEREST UP/LESS -VOLUME DOWN -LONG TERM-(8295-6809)
TRADED:DOWN-BELOW TREND-ESCALATED-BUYING-CLOSE UP@7398-IN CONSOLIDATION FLAT.
TARGETS: (7232 (7315-7398) 7480)/COMMITMENTS-USERS MORE LONG/FUNDS MORE SHORT

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