Wednesday, March 11, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR11/2020

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS: UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADING: DIRECTION-TREND-ACTIVITY-MOMENTUM, (HI/LO PRICE RANGE)-TARGETS
TARGETS: PROJECTED MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCK20): DAY LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=UP 0.50MMT
TRENDS: PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(473-352)
TRADING: DOWN-BELOW TREND-NET SELLING-STEADY MOMENTUM-A LOWER HIGH (MID RANGE).  
TARGETS/(405 (387-369) 352)/NET COMMITMENTS-HEDGERS LIQUIDATED/TRADERS COVERED

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 3.58MMT 
TRENDS: PRICE UP/LESS. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM (791-1067)
TRADING: FLAT-ON REVISED TREND-SELLING-STEADY MOMENTUM-SUPPORT PREVAILING @875-. 
TARGETS/(932 (903-875) 847)/NET COMMITMENTS-HEDGERS SOLD SHORT/TRADERS COVERED

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.90MMT 
TRENDS: PRICE DOWN/LESS. OPEN INTEREST-FLAT. VOLUME-UP. LONG TERM (593-387). 
TRADING: DOWN-ABOVE TREND-SELLING-MORE MOMENTUM-RESISTANCE PREVAILED ABOVE 520.     
TARGETS/(541 (520-500) 479)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN/MORESO. OPEN INTEREST-DOWN. VOLUME-DOWN LONG TERM-(8295-6809)
TRADING: DOWN-ABOVE TREND-NET SELLING-LESS MOMENTUM-RESISTANCE PREVAILED@7304
TARGETS/(7469(7387-7304)7222)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

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