Friday, December 11, 2020

Major Grains+CADUSD-Trends.Analysis-Dec11/2020-Friday

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 FLAT-VOLUME-DOWN -LONG TERM (302-473)
TRADING: DOWN-BELOW TREND-MET SUPPORT@418-CLOSE UP-NET BUYING-LOST MOMENTUM 
TARGETS: (439-418)-397) COMMERCIALS FLAT SHORT-NON COMMERCIALS FLAT LONG

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.58MMT 
TRENDS: PRICE LAST UP-OPEN INTEREST UP-VOLUME DOWN-LONG TERM (791-1200).
TRADING: FLAT-OFF TREND-TESTED 1165-CLOSE UP-NET BUYING-LOST MOMENTUM. 
TARGETS: (1200 (1165-1131) 1097) COMMERCIALS LESS SHORT-NON COMMERCIALS-LESS LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.45MMT 
TRENDS: PRICE LAST DOWN-OPEN INTEREST UP/DAY-VOLUME UP-LONG TERM RANGE 387-638). 
TRADING: MOVE UP/STEEP-TESTED TREND/613-CLOSE UP-NET BUYING-GAINED MOMENTUM.
TARGETS: (638 (613-588) 564)) COMMERCIALS LESS LONG-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE UP-OPEN INTEREST UP/STEEP-VOLUME UP/FLAT-LONG TERM-(8295-6809)
TRADING: UP ON SUPPORT@TREND-BELOW 7869-CLOSE DOWN-NET BUYING-LOST MOMENTUM
.
TARGETS: (7697-(7785-7869) 7959) COMMERCIALS NOW LONG-NON COMMERCIALS LESS LONG. 

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