Thursday, September 24, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Sep24/2020-Thur

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-OPEN INTEREST UP(LESS)--VOLUME FLAT-RANGE LONG TERM (302-473)
TRADING: MOVE DOWN-BELOW TREND/364-ESCALATED-SELLING-CLOSE DOWN BELOW 364.  
TARGETS: (340 (358-376) 394)/NET COMMITMENTS-USERS MORE SHORT/FUNDS MORE LONG

SOYS (ZSX20). LIMIT $0.60/BU-WORLD ENDING STOCKS/LESS CHINA-2019/20=(26.98)MMT 
TRENDS: PRICE DOWN/(STEEP)-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM (791-1067).
TRADING: MOVE DOWN-ON TREND-ABOVE 993-ESCALATED-SELLiNG-CLOSE DOWN. 
TARGETS: (1079 (1051-1022) 993/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG.

WHEAT (ZWZ20): LIMIT $0.40/BU WORLD END STOCKS/LESS CHINA-19/20=+1.42MMT 
TRENDS: PRICE DOWN(STEEP)-OPEN INTEREST UP-VOLUME FLAT-LONG TERM (387-593). 
TRADING:MOVE DOWN-ON TREND-MET SUPPORT@541-STEADY-BUYING-CLOSE FLAT.  
TARGETS: (581 (561-541) 520)/NET COMMITMENTS: USERS LESS SHORT/FUNDS LESS LONG

DOLLAR (D6Z20)(NEW): DAY LIMIT $4.00                    
TRENDS: PRICE DOWN(MORE)-OPEN INTEREST DOWN-VOLUME FLAT-LONG TERM-(8295-6809)
TRADING: MOVE DOWN-BELOW TREND-TESTED/CLOSED ABOVE 7480-STEADY-BUYING-CLOSE UP.
TARGETS: (7398 (7480-7563) 7646)/COMMITMENTS:USERS NOW SHORT/FUNDS FLAT SHORT

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