Monday, January 11, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jan11/2021-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 5.29MMT
TRENDS: PRICE: MID/UP-OPEN INTEREST: UP-VOLUME: UP//DAY-LONG RANGE (302-517.2)
TRADING: UP-BACK ON TREND-MID(506-529)-CLOSE UP AT HIGH-BUYING-ESCALATED-UP LIMIT. 
TARGETS: (484 (506-529) 552) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG.

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 3.12MMT 
TRENDS: PRICE: FIRST UP-OPEN INTEREST: UP/LESS-VOLUME: FLAT-RANGE (791-1428.2).
TRADING: MOVE UP-NEAR TREND-MID(1407-1444)-CLOSE UP-NET BUYING-ESCALATED. 
TARGETS: (1370 (1407-1444) 1482) COMMERCIALS LESS SHORT-NON COMMERCIALS-LESS LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.07MMT 
TRENDS: PRICE: UP/(SHARP)-OPEN INTEREST: UP/LESS-VOLUME: FLAT-LONG RANGE (387-664.4). 
TRADING:FLAT-RESISTANCE@TREND-TESTED SUPPORT/CLOSE DOWN@634-NET SELLING-ESCALATED.
TARGETS:(609 (634-659) 684) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: REVISED LAST UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG RANGE-(6809-8295)
TRADING: DOWN-TESTED/CLOSE DOWN BELOW TREND
-ABOVE 7785-SELLING-ESCALATED-TOPPING.
TARGETS: (7697 (7785-7869) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG. 

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