Thursday, January 21, 2021

Major Grains+CADUSD-Trends.Trading.Targets.Jan21/2021-Thur

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-VOLUME: DOWN-LONG RANGE (302-541.4)
TRADING: HIGHER-ON TREND-RESISTANCE@529-HIGHER CLOSE-SELLING-STEADY MOMENTUM. 
TARGETS: (484 (506-529) 552) COMMERCIALS FLAT-NON COMMERCIALS MORE LONG.

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 3.12MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: FLAT-VOLUME: DOWN-RANGE (791-1436.4).
TRADING: FLAT-BELOW TREND-UPSIDE 1361-FLAT CLOSE-SELLING-LOST MOMENTUM. 
TARGETS: (1436 (1398-1361) 1324) 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-VOLUME: LOWER-LONG RANGE (387-680.6). 
TRADING: FLAT-BELOW TREND-SUPPORT@659 AGAIN-LOWER CLOSE-SELLING-STEADY MOMENTUM.
TARGETS(634 (659-684) 710) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: LOWER-LONG RANGE-(6809-8295)
TRADING: HIGHER-ABOVE TREND-RESISTANCE@7930 AGAIN-FLAT CLOSE-SELLING
-LOST MOMENTUM.
TARGETS: (7842 (7930-8019) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG. 

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