Monday, July 27, 2020

Major Grains+CADUSD-Trends/Trading/Targets-Jul27/2020-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-OPEN INTEREST UP/MORE -VOLUME DOWN -LONG TERM RANGE (473-302)
TRADED: FLAT-ALONG RESISTANCE@TREND?HIGHS-BELOW 340-ESCALATED-EVEN-CLOSE DOWN   
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-OPEN INTEREST UP -VOLUME FLAT -LONG TERM RANGE (1067-791).
TRADED: FLAT-ABOVE TREND-RESISTANCE@903-STEADY-NET SELLING-ON CONVERGING LINE
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/STRONG-OPEN INTEREST DOWN-VOLUME FLAT -LONG TERM (593-387). 
TRADED: DOWN-TESTED TREND-MID(544-520)-BELOW MEASURED RESISTANCE-STEADY-SELLING.  
TARGETS: (495 (520-544) 569)/COMMITMENTS-USERS LESS NET LONG /FUNDS MORE NET LONG 

DOLLAR (D6U20) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE UP/MAJOR -OPEN INTEREST UP/LESS -VOLUME DOWN -LONG TERM-(8295-6809)
TRADED: UP-ON'/UPSIDE TREND-DAY HIGH/CLOSE@7480-STEADY-BUYING-CLOSE UP-TEST OF TOP.
TARGETS: (7315 (7398-7480) 7563)/COMMITMENTS-USERS LESS NET LONG/FUNDS LESS NET SHORT

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