Wednesday, July 15, 2020

Major Grains+CADUSD-Trends/Trading/Targets-Jul15/2020-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 UP/(CZ)-OPEN INTEREST UP -VOLUME DOWN -LONG TERM RANGE (473-302)
TRADED: MOVE DOWN-BELOW TREND-MID(325-344)-DEESCALATED-IN OFFSET-CLOSE FLAT   
TARGETS: (307 (325-344) 362)/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 DOWN -VOLUME DOWN -LONG TERM RANGE (1067-791).
TRADED: UP-MOVE UP-ABOVE TREND/SUPPORT@875-DEESCALATED-NET BUYING-HIGHER LOW
TARGETS: (819 (847-875) 903)/COMMITMENTS-USERS MORE NET SHORT/FUNDS MORE NET LONG
.
WHEAT (ZWU20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=UP 0.22MMT 
TRENDS: PRICE UP/STEEP-OPEN INTEREST DOWN -VOLUME DOWN -LONG TERM (593-387). 
TRADED: UP-MOVE UP-ON/UPSIDE TREND-TESTED/CLOSED UP ABOVE 544-ESCALATED-BUYING 
TARGETS: (495 (520-544) 569)/COMMITMENTS-USERS FLAT NET LONG /FUNDS FLAT NET SHORT 

DOLLAR (D6U20) CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE UP -OPEN INTEREST FLAT -VOLUME FLAT -LONG TERM-(8295-6809)
TRADED: UP-TESTED/CLOSED HIGHER ABOVE TREND/7398-ESCALATED-BUYING-MADE HIGHER LOW.
TARGETS: (7232 (7315-7398) 7480)/COMMITMENTS-USERS LESS NET LONG/FUNDS LESS NET SHORT

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