Friday, October 02, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Sep2/2020-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-2019/20=+2.42MMT
TRENDS: PRICE UP-OPEN INTEREST UP-VOLUME DOWN-RANGE LONG TERM (302-473)
TRADING: DOWN-ON/DOWNSIDE TREND-LOW@376-DEESCALATED-NET SELLING-CLOSE DOWN-.  
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(NEW)-OPEN INTEREST UP(LESS)-VOLUME DOWN-LONG TERM (1067-791).
TRADING: DOWN-BELOW TREND-LOW@1014-ESCALATED-NET SELLING-DISTINCT LOWER HIGH. 
TARGETS: (1046 (1014-982) 949)/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 UP-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM (387-593). 
TRADING:MOVE DOWN-ABOVE TREND-561 AS SUPPORT-ESCALATED-NET BUYING-CLOSE UP.  
TARGETS: (541 (561-581) 602)/NET COMMITMENTS: USERS FLAT SHORT/FUNDS FLAT LONG

DOLLAR (D6Z20): DAY LIMIT $4.00                    
TRENDS: PRICE DOWN-OPEN INTEREST UP(LESS)-VOLUME UP-LONG TERM RANGE-(8295-6809)
TRADING: DOWN-TREND/RESISTANCE-BELOW 7563-DEESCALATED-BUYING-CLOSE FLAT.
TARGETS: (7398 (7480-7563) 7646)/COMMITMENTS:USERS MORE LONG/FUNDS FLAT SHORT

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