Thursday, December 31, 2020

Major Grains+CADUSD-Trends,Trading,Targets-Dec 31/2020-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-LONG RANGE (302-485.6)
TRADING: UP-MOVE UP/STEEP-HIGH ABOVE TREND-484 AS RESISTANCE-CLOSE UP-BUYING-STEADY. 
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-VOLUME FLAT-RANGE (791-1320.6).
TRADING: UP-MOVE UP/STEEP-ABOVE TREND-MID(1293-1334)-CLOSE UP-BUYING-STEADY. 
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 UP-VOLUME DOWN-LONG RANGE (387-644.4). 
TRADING: UP-ABOVE TREND-ON SUPPORT@634-CLOSED FLAT-FLAT IN OFFSET-DEESCALATED.
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-ABOVE TREND-MET RESISTANCE@7869-CLOSE FLAT-SELLING-DEESCALATED.
TARGETS: (7697-(7785-7869) COMMERCIALS MORE SHORT-NON COMMERCIALS NOW LONG. 

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