Thursday, September 17, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Sep17/2020-Thur.

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: UP-ON/UPSIDE TREND-HIGH@376-DEESCALATED-NET BUYING-CLOSE UP-BULLISH.  
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-UP/MORE-VOLUME UP-LONG TERM (791-1067).
TRADING: UP-TESTED/CLOSED UP@TREND-ABOVE 1022-ESCALATED-NET BUYiNG-BULLISH. 
TARGETS: (993 (1022-1051) 1079/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-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM (387-593). 
TRADING: UP-TESTED/CLOSED UP ABOVE TREND@556-ESCALATED-NET BUYING-BULLISH.  
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-VOLUME FLAT-LONG TERM-(8295-6809)
TRADING: DOWN-BELOW TREND-BUYING@7560-STEADY-CLOSE FLAT-NO BREAKOUT-DOWN.
TARGETS: (7480 (7563-7646) 7729)/COMMITMENTS:USERS LESS LONG/FUNDS LESS SHORT

No comments:

Google+