Wednesday, March 04, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR3/2020

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=DOWN 0.97MMT
TRENDS: PRICE-DOWN/ORIGINAL. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(352-473)
TRADING: FLAT-ON TREND-NET BUYING-DEESCALATED-MET RESISTANCE BELOW 387-CLOSED UP. 
TARGETS/(405 (387-369) 352)/(NET) COMMITMENTS-HEDGERS COVERED/TRADERS SOLD SHORT

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 2.19MMT 
TRENDS: PRICE UP/MONTHLY. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM (791-1067)
TRADING: UP-ABOVE TREND-MATCHED SELLING-DEESCALATED-TESTED 903-CLOSED UP 
TARGETS/(923 (903-875) 847)/(NET) COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.84MMT 
TRENDS: PRICE DOWN/LESS. OPEN INTEREST-DOWN/MORE. VOLUME-DOWN. LONG TERM (387-593). 
TRADING: UP-ON TREND-NET BUYING-STEADY-TESTED MINOR RESISTANCE@530-CLOSED UP     
TARGETS/(479 (500-520)-541)/(NET) COMMITMENT-HEDGERS SOLD SHORT/TRADERS COVERED

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN/LOWER. OPEN INTEREST-DOWN. VOLUME-FLAT LONG TERM-(6809-8295)
TRADING: FLAT ON TREND-SELLING-ESCALATED-MEETING RESISTANCE@7501-CLOSED DOWN 
TARGETS/(7587 (7552-7501) 7469)/NET COMMITMENT-HEDGERS SOLD SHORT/TRADERS COVERED

No comments:

Google+