Wednesday, August 26, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Aug26/2020-Wed

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

CORN (ZCZ20). LIMIT $0.25/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=+2.42MMT
TRENDS: PRICE UP/(LESS)-OPEN INTEREST DOWN-VOLUME DOWN-LONG TERM (473-302)
TRADED: FLAT-MOVE UP-ABOVE TREND-DOWNSIDE 358-DEESCALATED-BUYING-CLOSED FLAT..  
TARGETS: (322 (340-358) 376)/NET COMMITMENTS-USERS LESS LONG/FUNDS LESS SHORT

SOYS (ZSX20). LIMIT $0.65/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=(26.98)MMT 
TRENDS: PRICE UP/(LESS)-OPEN INTEREST-DRIFT UP-VOLUME UP-LONG TERM (1067-791).
TRADED: MOVE UP-MORE ABOVE TREND/907-DEESCALATED-BUYING-CLOSE UP-NEW HIGH. 
TARGETS: (878 (907-936) 964)/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG.

WHEAT (ZWZ20): LIMIT $0.35/BU WORLD END STOCKS/LESS CHINA-19/20=+1.42MMT 
TRENDS: PRICE UP-OPEN INTEREST DOWN-VOLUME DOWN-LONG TERM RANGE (593-387). 
TRADED: FLAT-MOVE UP-ON TREND-RESISTANCE@541-DEESCALATED-NET BUYING-CLOSE UP.  
TARGETS: (500 (520-541) 561)/NET COMMITMENTS: USERS LESS LONG/FUNDS MORE LONG

DOLLAR (D6U20): DAY LIMIT $4.00                    
TRENDS: PRICE UP/MAJOR-OPEN INTEREST UP-VOLUME FLAT-LONG TERM-(8295-6809)
TRADED: UP-MOVE FLAT-ON TREND-ABOVE 7563-DEESCALATED-MATCHED BUYING-CLOSE UP.
TARGETS: (7480 (7563-7646) 7729)/COMMITMENTS:USERS MORE LONG/FUNDS MORE SHORT

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