Friday, September 13, 2019

MAJOR GRAINS+CAD/USD-TREND ANALYSIS-SEPT13/2019-FRI

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: TRENDS UP-DISTINCT HIGHER LOWS-TRENDS DOWN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-MOVE-VOLATILITY (LENGTH OF HI/LO PRICE RANGE)-ACTIVITY-TREND-TARGET 
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ19): DAILY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 1.46MMT
TRENDS/PRICE-DOWN/LESS. OPEN INTEREST-DOWN DAY. VOLUME-FLAT. LONG TERM-(473-352)
TRADED UP-MOVE UP-DEESCALATED-IN OFFSET-ABOVE TREND-UPSIDE SUPPORT@364-MID 364-382
TARGETS/(382 (364-345) 326)TRADERS/COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG 

SOYS (ZSX19) DAILY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=DOWN 2.21MMT 
TRENDS/PRICE-DOWN/LESS. OPEN INTEREST-FLAT DAY. VOLUME FLAT. LONG TERM (1067-791) 
TRADED UP-MOVE UP-DEESCALATED-BUYING-BELOW REVISED TREND-TESTED RESISTANCE@901
TARGETS/(929 (901-872) 844)TRADERS/COMMERCIALS MORE LONG-NON COMMERCIALS MORE SHORT

WHEAT (ZWZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 1.41MMT 
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-FLAT. VOLUME-FLAT. RANGE-(593-418). 
TRADED UP-MOVE UP-DEESCALATED-MATCHED SELLING-ABOVE TREND-UPSIDE 479 AS SUPPORT     
TARGETS/(499 (479-459) 438)TRADERS/COMMERCIALS MORE LONG-NON COMMERCIALS LESS LONG

DOLLAR CAD/USD (D6U19): DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN/INITIAL. OPEN INTEREST-DOWN. VOLUME-FLAT. RANGE (8295-6810)
TRADED DOWN-MOVE DOWN-ESCALATED-SELLING-CLOSER ABOVE TREND-DOWNSIDE 7587    
TARGETS/(7672 (7587-7501) 7416)/COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

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