Friday, September 11, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Sep11/2020-Fri

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/(LESS)-OPEN INTEREST UP/(MORE)--VOLUME UP-LONG TERM (473-302)
TRADING: MOVE UP-ABOVE TREND-ALSO RESISTANCE@364-DEESCALATED-BUYING-CLOSE UP.  
TARGETS: (322 (340-358) 376)/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-UP/(MORE)-VOLUME DAY/UP-LONG TERM (1067-791).
TRADING: MOVE UP-CLOSER TO TREND-BELOW 993-ESCALATED-BUYiNG-CLOSE UP-BULLISH. 
TARGETS: (936 (964-993) 1022)/NET COMMITMENTS: USERS FLAT SHORT/FUNDS FLAT LONG.

WHEAT (ZWZ20): LIMIT $0.40/BU WORLD END STOCKS/LESS CHINA-19/20=+1.42MMT 
TRENDS: PRICE DOWN/(LESS)-OPEN INTEREST FLAT-VOLUME UP-LONG TERM (593-387). 
TRADING: MOVE DOWN-BELOW TREND-SUPPORT@541 HELD-STEADY-SELLING-CLOSE DOWN.  
TARGETS: (520 (541-561) 581)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG

DOLLAR (D6Z20)(NEW): DAY LIMIT $4.00                    
TRENDS: PRICE DOWN/(NEW)-OPEN INTEREST UP/(STEEP)-VOLUME DOWN-LONG TERM-(8295-6809)
TRADING: FLAT-BELOW TREND-ABOVE SUPPORT@7563-DEESCALATED-SELLING-CLOSE FLAT.
TARGETS: (7480 (7563-7646) 7729)/COMMITMENTS:USERS LESS LONG/FUNDS LESS SHORT

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