Friday, March 20, 2020

MAJOR GRINS+CAD/USD-TRENDS/TRADING/TARGETS-MAR20/2020

MARKETS: PRICE SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS 
TRADING: DIRECTION-VOLATILITY (HI/LO PRICE RANGE LENGTH)-ACTIVITY-TREND-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-FLAT. LONG TERM-(473-332).
TRADING UP-LESS VOLATILITY-SELLING-ONSIDE TREND-MET RESISTANCE@355-CLOSED DOWN  
TARGETS/(375 (355-334) 314)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

SOYS (ZSK20)-DAY LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20-UP 3.58MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-RANGE-(1067-791).
TRADING UP-LESS VOLATILITY-BUYING-TESTED TREND/CLOSED@864/RESISTANCE-(MID RANGE). 
TARGETS/(907 (878-850) 821)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS COVERED

WHEAT (ZWK20): DAY LIMIT $0.35/BU WORLD ENDING STOCKS/LESS CHINA-19/20=DOWN 0.90MMT 
TRENDS PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-FLAT. LONG TERM RANGE-(593-387). 
TRADING UP-LESS VOLATILITY-NET SELLING-MET RESISTANCE@TREND-ABOVE 541-CLOSED UP     
TARGETS/(561 (541-517) 493)/NET COMMITMENTS-HEDGERS COVERED/TRADERS LIQUIDATED

DOLLAR (D6M20)/NEW CAD/USD : DAY LIMIT $4.00                    
TRENDS PRICE-DOWN. OPEN INTEREST-DOWN. VOLUME-DOWN. LONG TERM-(8295-6809)
TRADED UP-MORE VOLATILITY-SELLING-ONSIDE TREND-MET RESISTANCE BELOW 7109-CLOSED UP.
TARGETS/(7109 (7021-6933)/NET COMMITMENTS-HEDGERS ACCUMULATED/TRADERS LIQUIDATED

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