Monday, December 21, 2020

Major Grains-CADUSD-Trends.Trading-Dec21/2020-Monday

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-UP-LONG TERM (302-473)
TRADING: UP-ALONG TREND-RESISTANCE@439/442 HELD-CLOSE UP-BUYING-GAINED MOMENTUM. 
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 UP/HIGHER-OPEN INTEREST UP-VOLUME UP-LONG TERM (791-1228.6).
TRADING: UP-ON TREND-INTO (1222-1257)-CLOSE UP-NET BUYING-GAINED 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 
TRENDS: PRICE LAST DOWN-OPEN INTEREST FLAT-VOLUME FLAT-LONG TERM RANGE 387-638). 
TRADING: FLAT-MOVE UP/SHARP-ABOVE TREND-TESTED 613-CLOSE UP-OFFSET-LOST MOMENTUM.
TARGETS:( 638 (613-588) 564)) COMMERCIALS NOW SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE UP-OPEN INTEREST UP/FLAT-VOLUME DOWN-LONG TERM-(8295-6809)
TRADING: DOWN-BELOW TREND-TESTED/CLOSED ABOVE SUPPORT@7785-BUYING-GAINED MOMENTUM
.
TARGETS: (7697-(7785-7869) 7959) COMMERCIALS MORE SHORT-NON COMMERCIALS LESS SHORT. 

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