Tuesday, October 13, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Oct13/2020-Tues

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 DOWN-RANGE LONG TERM RANGE (302-473)
TRADING: MOVE FLAT-OFF TREND-402 AS RESISTANCE HELD-DEESCALATED-NET BUYING-CLOSE UP.  
TARGETS: (363 (382-402) 422)/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/FLAT-VOLUME DOWN-LONG TERM (791-1079).
TRADING: FLAT-TESTED/CLOSED UP@TREND/1043-DEESCALATED-BUYING-A DISTINCT HIGHER LOW. 
TARGETS: (980 (1011-1043) 1075)/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 DOWN-LONG TERM RANGE (387-616). 
TRADING:UP-ASIDE TREND-NEXT RESISTANCE@609-ESCALATED-SELLING-CLOSE FLAT-HIGHER LOW.  
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-VOLUME DOWN-LONG TERM-(8295-6809)
TRADING:FLAT-ON TREND-BELOW 7666-TESTING HIGHS-STEADY-SELLING-CLOSE DOWN.
TARGETS: (7493 (7579-7666) 7754)/COMMITMENTS:USERS MORE LONG/FUNDS FLAT SHORT

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