Tuesday, July 28, 2020

Major Grains+CADUSD-Trends/Trading/Targets-July28/2020-Tues

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: DOWN-BELOW TREND-MID(340-322)-DEESCALATED-SELLING-@LOW OF CONSOLIDATION   
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 UP/DAY -LONG TERM RANGE (1067-791).
TRADED: DOWN-BELOW LOWER UPWARD CONVERGING TREND/889-ESCALATED-NET SELLING
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: MOVE DOWN-BELOW TREND-520/SUPPORT-DEESCALATED-NET SELLING-CLOSE DOWN.  
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 FLAT -VOLUME FLAT -LONG TERM-(8295-6809)
TRADED: MOVE UP-ABOVE TREND-TESTED/CLOSED@RESISTANCE@7480-STEADY-NET BUYING-.
TARGETS: (7315 (7398-7480) 7563)/COMMITMENTS-USERS LESS NET LONG/FUNDS LESS NET SHORT

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