Wednesday, July 29, 2020

Major Grains+CADUSD-Trends/Trading/Targets-July29/2020-Wed

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 DOWN-OPEN INTEREST UP/MORE -VOLUME UP -LONG TERM RANGE (473-302)
TRADED: MOVE DOWN-BELOW REVISED TREND-ABOVE 322-ESCALATED-SELLING-LOWER HIGH   
TARGETS: (322-340) 358)/NET COMMITMENTS: USERS LESS LONG/FUNDS LESS SHORT

SOYS (ZSX20). LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN-2.13MMT 
TRENDS: PRICE UP/LESS-OPEN INTEREST FLAT -VOLUME FLAT -LONG TERM RANGE (1067-791).
TRADED: MOVE DOWN-ABOVE TREND-BELOW 889-DEESCALATED-NET SELLING-CLOSE DOWN
TARGETS: (831 (860-889) 917)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS 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: UP-BELOW TREND-MID(520-544)-STEADY-BUYING-CLOSE UP FROM FLAT LOW.  
TARGETS: (495 (520-544) 569)/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG

DOLLAR (D6U20): DAY LIMIT $4.00                    
TRENDS: PRICE UP/MAJOR -OPEN INTEREST UP -VOLUME DOWN -LONG TERM-(8295-6809)
TRADED: MOVE UP-ABOVE TREND-TESTED/CLOSED@RESISTANCE@7480-DEESCALATED-NET SELLING-.
TARGETS: (7315 (7398-7480) 7563)/NET COMMITMENTS:USERS LESS LONG/FUNDS MORE LONG

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