Monday, December 28, 2020

Major Grains+CADUSD-Trends.Analysis-Dec28/2020-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-FLAT-LONG RANGE (302-473)
TRADING: MOVE UP/STEEP-ABOVE TREND-MID(442-463)-NET BUYING-CLOSE UP-MOMENTUM GAIN. 
TARGETS: (421 (442-463) 484) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG.

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.58MMT 
TRENDS: PRICE: FIRST UP-OPEN INTEREST UP-VOLUME DOWN-LONG RANGE (791-1280.0).
TRADING: FLAT-CLOSE@1257 ABOVE SUPPORT@TREND-NET SELLING-MOMENTUM GAIN. 
TARGETS: (1188 (1222-1257) 1293) COMMERCIALS MORE SHORT-NON COMMERCIALS-MORE LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.45MMT 0
TRENDS: PRICE UP/(SHARP)-OPEN INTEREST FLAT-VOLUME FLAT-LONG RANGE (387-638). 
TRADING: DOWN-TESTED SUPPORT@TREND/609-CLOSE ABOVE-NET SELLING MOMENTUM-GAIN
TARGETS:(584 (609-634) 659) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

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

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