Monday, September 21, 2020

Major Grains+CADUSD-Trend Analysis-Sep21/2020-Mon

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-VERSUS TREND/TARGET-MOMENTUM(HI/LO PRICE RANGE)-CLOSE
TARGETS: PROJECTED/MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ20). LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=+2.42MMT
TRENDS: PRICE UP-OPEN INTEREST UP--VOLUME UP-RANGE LONG TERM (302-473)
TRADING: DOWN-TEST/CLOSE ON TREND-RESISTANCE@376-ESCALATED-SELLING-FROM HIGH.  
TARGETS: (340 (358-376) 394)/NET COMMITMENTS-USERS MORE SHORT/FUNDS MORE LONG

SOYS (ZSX20). LIMIT $0.60/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=(26.98)MMT 
TRENDS: PRICE UP/(STEEP)-OPEN INTEREST--VOLUME UP-LONG TERM (791-1067).
TRADING: DOWN-FROM ON TREND TO SUPPORT@1022-ESCALATED-SELLiNG-FROM HIGH. 
TARGETS: (993 (1022-1051) 1079/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG.

WHEAT (ZWZ20): LIMIT $0.40/BU WORLD END STOCKS/LESS CHINA-19/20=+1.42MMT 
TRENDS: PRICE UP(STEEP)-OPEN INTEREST DAY/UP-VOLUME UP/SHARP-LONG TERM (387-593). 
TRADING: DOWN-ON TREND-RESISTANCE@581-ESCALATED-SELLING-CLOSE DOWN-MADE A HIGH.  
TARGETS: (520 (541-561) 581)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG

DOLLAR (D6Z20)(NEW): DAY LIMIT $4.00                    
TRENDS: PRICE DOWN-OPEN INTEREST UP/FLAT-VOLUME UP\-LONG TERM-(8295-6809)
TRADING: DOWN-RESISTANCE@TREND-SUPPORT@7480-ESCALATED-SELLING-CLOSE DOWN.
TARGETS: (7398 (7480-7563) 7646)/COMMITMENTS:USERS NOW SHORT/FUNDS FLAT SHORT

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