Wednesday, September 30, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Sep30/2020-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-OPEN INTEREST UP-VOLUME UP/DAY-RANGE LONG TERM (302-473)
TRADING: UP-TREND UP-TESTED 376-ESCALATED-BUYING-3RD DISTINCT HIGHER LOW-CLOSE UP.  
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 UP/(STEEP)-OPEN INTEREST UP-VOLUME UP/DAY-LONG TERM (791-1067).
TRADING: UP-TREND UP-TESTED 1022-ESCALATED-BUYING-3RD DISTINCT HIGHER LOW-CLOSE UP. 
TARGETS: (993 (1022-1051) 1079)/NET COMMITMENTS: USERS FLAT SHORT/FUNDS FLAT LONG.

WHEAT (ZWZ20): LIMIT $0.40/BU WORLD END STOCKS/LESS CHINA-19/20=+1.42MMT 
TRENDS: PRICE UP-OPEN INTEREST LOWER-VOLUME UP/DAY-LONG TERM (387-593). 
TRADING:UP-TREND UP-TESTED 581-ESCALATED-BUYING-3RD DISTINCT HIGHER LOW-CLOSE UP.  
TARGETS: (541 (561-581) 602)/NET COMMITMENTS: USERS FLAT SHORT/FUNDS FLAT LONG

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

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