Friday, December 25, 2020

Major Grain+CADUSD-Trends.Analysis-Dec24/2020-Thursday

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING MOMENTUM OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS
TRADING: 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 2.47MMT
TRENDS: PRICE LAST UP-OPEN INTEREST UP-VOLUME-DOWN/DAY-RANGE (302-473)
TRADING: UP-MOVE UP-ABOVE TREND/442-BUYING-CLOSE UP-LESS MOMENTUM-OVERBOUGHT. 
TARGETS: (402 (421-442) 463) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG.

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.58MMT 
TRENDS: PRICE: ORIGINAL UP-OPEN INTEREST UP-VOLUME DOWN-RANGE (791-1275.0).
TRADING: UP-MOVE UP-ABOVE TREND/1257-CLOSE UP-NET SELLING-LOST MOMENTUM. 
TARGETS: (1188 (1222-1257) 1293) COMMERCIALS FLAT SHORT-NON COMMERCIALS-FLAT LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.45MMT 0
TRENDS: PRICE UP-OPEN INTEREST FLAT-VOLUME DOWN/DAY-RANGE (387-638). 
TRADING: FLAT-ABOVE TREND-REPEAT HIGH@634-CLOSE DOWN-NET SELLING-LOST MOMENTUM.
TARGETS:( 609 (634-659) 686)) COMMERCIALS NOW SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE LAST UP-OPEN INTEREST FLAT-VOLUME DOWN-RANGE-(6809-8295)
TRADING: UP-MOVE UP-ABOVE 
7785/SUPPORT-ABOVE TREND-CLOSE UP-BUYING-LOST MOMENTUM.
TARGETS: (7697-(7785-7869) 7959) COMMERCIALS MORE SHORT-NON COMMERCIALS LESS SHORT. 

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