Sunday, October 11, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Oct9/2020-Fri

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)-2020/21-DOWN 6.2MMT
TRENDS: PRICE UP-OPEN INTEREST UP-VOLUME UP-RANGE LONG TERM (302-473)
TRADING: UP-ALONG TREND-NEXT RESISTANCE@403-ESCALATED-NET BUYING-CLOSE UP.  
TARGETS: (345 (383-403) 423)/NET COMMITMENTS-USERS MORE SHORT/FUNDS MORE LONG

SOYS (ZSX20). LIMIT $0.60/BU-WORLD ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 4.89MMT 
TRENDS: PRICE UP/(SHARP)-OPEN INTEREST UP-VOLUME DOWN-LONG TERM (791-1067).
TRADING: UP-ABOVE PARALLEL TREND-PENETRATED 1075-ESCALATED-SELLING@HIGH-CLOSE UP. 
TARGETS: (1011 (1043-1075) 1108)/NET COMMITMENTS: USERS MORE SHORT/FUNDS MORE LONG.

WHEAT (ZWZ20): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.58MMT 
TRENDS: PRICE UP/(SHARP)-OPEN INTEREST UP-VOLUME FLAT-LONG TERM (387-602). 
TRADING:DOWN-ON TREND-NEXT SUPPORT@585-DEESCALATED-SELLING-CLOSE FLAT.  
TARGETS: (561 (585-609) 634)/NET COMMITMENTS: USERS NOW SHORT/FUNDS NOW LONG

DOLLAR (D6Z20): DAY LIMIT $4.00                    
TRENDS: PRICE UP/(STEEP)-OPEN INTEREST UP/DAY-VOLUME DOWN-LONG TERM-(8295-6809)
TRADING: UP-ON TREND-NEXT RESISTANCE@7666-STEADY-BUYING-CLOSE UP-HIGHER LOW.
TARGETS: (7406 (7493-7579) 7666)/COMMITMENTS:USERS MORE LONG/FUNDS FLAT SHORT

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