Wednesday, December 30, 2020

Major Grains+CADUSD-Trends.Trading.Targets-Dec30/2020-Wednesday

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 (302-476.0)
TRADING: MOVE UP-TREND OVERBOUGHT-463 AS SUPPORT-CLOSE UP-BUYING-DEESCALATED. 
TARGETS: (442 (463-484) 506) 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 DOWN/(JAN)-VOLUME FLAT-RANGE (791-1306.0).
TRADING: MOVE UP-TREND OVERBOUGHT-CLOSE UP ABOVE 1293-BUYING-DEESCALATED. 
TARGETS: (1257 (1293-1334) 1370) 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 UP-LONG RANGE (387-643.4). 
TRADING: MOVE UP-CONFIRMED TREND-CLOSED UP ABOVE 634-BUYING-ESCALATED-NEW HIGH.
TARGETS:(609 (634-659) 686) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE LAST UP-OPEN INTEREST LOWER-VOLUME DOWN-LONG RANGE-(6809-8295)
TRADING: UP-MOVE UP
-TREND OVERBOUGHT-MID(7785-7869)-CLOSE UP-BUYING-STEADY.
TARGETS: (7697-(7785-7869) COMMERCIALS MORE SHORT-NON COMMERCIALS NOW LONG. 

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