Tuesday, September 29, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Sep29/2020-Tues

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 DOWN-OPEN INTEREST UP--VOLUME FLAT-RANGE LONG TERM (473-302)
TRADING: FLAT-MOVE FLAT-OFF TREND-ALONG 364-DEESCALATED-NET SELLING-CLOSE DOWN.  
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 DOWN/(STEEP)-OPEN INTEREST UP-VOLUME DOWN-LONG TERM (1067-791).
TRADING: DOWN-ALONG TREND-TESTED/CLOSED DOWN@993-DEESCALATED-NET SELLING. 
TARGETS: (1079 (1051-1022) 993/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 LOWER-VOLUME DOWN-LONG TERM (593-387). 
TRADING:UP-MOVE FLAT-ABOVE TREND-MID(RANGE)-DEESCALATED-NET SELLING-CLOSE DOWN.  
TARGETS: (581 (561-541) 520)/NET COMMITMENTS: USERS FLAT SHORT/FUNDS FLAT LONG

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

No comments:

Google+