Wednesday, January 27, 2021

Major Grains-CADUSD-Trends.Targets.Targets-Jan27/2021-Wed

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 5.29MMT
TRENDS: PRICE: UP-OPEN INTEREST: UP/MORE-VOLUME: DOWN-LONG RANGE (302-543.6)
TRADING: MOVE UP-ABOVE TREND-MET SUPPORT@529-CLOSE-FLAT-NET SELLING-DEESCALATED. 
TARGETS: (484 (506-529) 552) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG.

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 3.12MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP/DAY-VOLUME: FLAT-RANGE (791-1436.4).
TRADING: UP-ON TREND-MET RESISTANCE BELOW 1398-CLOSE UP-SELLING-DEESCALATED. 
TARGETS: (1288 (1324-1361) 1398) COMMERCIALS FLAT SHORT-NON COMMERCIALS-LESS LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.07MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST:UP-VOLUME: LOWER-LONG RANGE (387-693.0). 
TRADING: MOVE UP-ON TREND-MET RESISTANCE@667-CLOSE DOWN-NET SELLING-DEESCALATED.
TARGETS(693 (667-641) 615) COMMERCIALS LMORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: UP/DAY-LONG RANGE-(6809-8295)
TRADING: MOVE DOWN-BELOW TREND-TESTED SUPPORT@7842/CLOSE BELOW-SELLING
-ESCALATED.
TARGETS: (7842 (7930-8019) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG. 

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