Friday, November 27, 2020

Major Grains+CADUSD-Trends.Analysis-Nov27/2020-Friday

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS
TRADED: DIRECTION-TREND-TARGET-ACTIVITY-CLOSE-MOMENTUM(HI/LO PRICE RANGE).
TARGETS: PROJECTED/MEASURED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCH21) LIMIT $0.25/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 11.63MMT
TRENDS: PRICE UP-OPEN INTEREST DOWN(DEC)-VOLUME UP-LONG TERM (302-473)
TRADED: MOVE FLAT-ON TREND-ABOVE 423-BUYING-CLOSE UP-MORE MOMENTUM. 
TARGETS: (402 (423-442) 464) COMMERCIALS FLAT SHORT-NON COMMERCIALS LESS LONG

SOYS (ZSF21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 3.37MMT 
TRENDS: PRICE UP/(SHARP)-OPEN INTEREST UP-VOLUME DOWN-LONG TERM (791-1200).
TRADED MOVE FLAT-BELOW TREND-RESISTANCE@1188-NET BUYING-CLOSE UP-STEADY. 
TARGETS: (1120 (1154-1188) 1222) COMMERCIALS FLAT SHORT-NON COMMERCIALS-LESS LONG.

WHEAT (ZWH21NEW): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.50MMT 
TRENDS: PRICE DOWN/(LESS)-OPEN INTEREST DOWN-VOLUME FLAT-LONG TERM RANGE (387-638). 
TRADING: FLAT-ON/DOWNSIDE TREND-BELOW 613-NET BUYING-CLOSE UP-LESS MOMENTUM.  
TARGETS: (638 (613-588) 564) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

DOLLAR (D6Z20): DAY LIMIT $4.00                   
TRENDS: PRICE UP-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM-(8295-6809)
TRADING: UP-ABOVE TREND-TESTED/CLOSED UP ABOVE 7697-NET BUYING-MORE MOMENTUM.
TARGETS: (7522 (7609-7697) 7785) COMMERCIALS NOW SHORT-NON COMMERCIALS MORE SHORT. 

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