Wednesday, October 16, 2019

MAJOR GRAINS+CAD/.USD-TRENDS/TRADED-OCT16/2019-WED

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES JOINING: TRENDS UP-DISTINCT HIGHER LOWS-TRENDS DOWN DISTINCT LOWER HIGHS 
TRADED: DIRECTION-ACTIVITY-MOVEMENT-VOLATILITY, (HI/LO PRICE RANGE)-TARGET-TREND 
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 3.72MMT
TRENDS/PRICE-UP. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM RANGE (352-473)
TRADED DOWN-MIXED-MOVE DOWN-STEADY VOLATILITY-MADE TOP@405-MET SUPPORT@387/TREND
TARGETS/(369 (387-405) 423)COMMERCIALS (MORE SHORT)-NON COMMERCIALS (MORE LONG) 

SOYS (ZSX19) FLATY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 5.08MMT 
TRENDS/PRICE-UP. OPEN INTEREST-FLAT. VOLUME DOWN. LONG TERM RANGE (791-1067) 
TRADED DOWN-SELLING-MOVE DOWN-STEADY VOLATILITY-CORRECTION-CLOSED BELOW 932/TREND
TARGETS/(875 (903-932) 960)COMMERCIALS (MORE SHORT)-NON COMMERCIALS (MORE LONG)

WHEAT (ZWZ19): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 1.30MMT 
TRENDS/PRICE-UP. OPEN INTEREST-FLAT. VOLUME-FLAT. LONG TERM RANGE-(387-593). 
TRADED FLAT-BUYING-MOVE FLAT-MORE VOLATILITY-POSSIBLE TOP@MID (500-520)-ABOVE TREND    
TARGETS/(479 (500-520) 541)-COMMERCIALS (MORE LONG)-NON COMMERCIALS (NOW SHORT)

DOLLAR (D6Z19) CAD/USD : DAILY LIMIT $4.00                       
TRENDS/PRICE-DOWN. OPEN INTEREST-FLAT. VOLUME-UP. LONG TERM RANGE (8295-6809)
TRADED FLAT-MIXED-MOVE FLAT-MORE VOLATILITY-SUPPORT PREVAILED@7552-ABOVE TREND   
TARGETS/(7634 (7552-7469) 7387)/COMMERCIALS (LESS SHORT)-NON COMMERCIALS (LESS LONG)

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