Friday, March 06, 2020

MAJOR GRAINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR6/2020

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-(473-352)
TRADING: LOWER-BELOW TREND-SELLING-INCREASED-387/RESISTANCE HELD-LOWER HIGH  
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 2.19MMT 
TRENDS: PRICE UP/MONTHLY. OPEN INTEREST-UP. VOLUME-DOWN. LONG TERM (791-1067)
TRADING: LOWER-TESTED TREND-SHORT SELLING-DECREASED-BELOW 903-NEW FLAT HIGH . 
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 0.84MMT 
TRENDS: PRICE DOWN/LESS. OPEN INTEREST-DOWN/LESS. VOLUME-DOWN. LONG TERM (593-387). 
TRADING: LOWER-ALONG TREND-MIXED SELLING-DECREASED-MET RESISTANCE@520-CLOSED DOWN     
TARGETS/(541 (520-500) 479)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

DOLLAR (D6H20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS: PRICE-DOWN/LOWER. OPEN INTEREST-DOWN. VOLUME-DOWN LONG TERM-(8295-6809)
TRADING: FLAT-ALONG TREND-MIXED SELLING-STEADY-CLOSED FLAT BELOW 7469 ON TREND-
TARGETS/(7469(7387-7304)7222)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

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