Thursday, January 28, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jan28/2021-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: FLAT-LONG RANGE (302-550.4)
TRADING: MOVE UP-ON TREND-MET RESISTANCE@552-CLOSE-FLAT-OFFSET SELLING-ESCALATED. 
TARGETS: (484 (529-552) 582) 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: DOWN-VOLUME: FLAT-RANGE (791-1436.4).
TRADING: DOWN-ABOVE TREND-LOWER HIGH@1398-CLOSE DOWN-SELLING-ESCALATED. 
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: FLAT-LONG RANGE (387-693.0). 
TRADING: DOWN-ON TREND-DISTINCT LOWER HIGH@667-CLOSE DOWN-SELLING-STEADY.
TARGETS(693 (667-641) 615) COMMERCIALS LMORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: UP-VOLUME: UP/FLAT-LONG RANGE-(6809-8295)
TRADING: DOWN-ON TREND-SUPPORT@7754/PREVIOUS LOWS-CLOSE FLAT-BUYING
-DEESCALATED.
TARGETS: (7666 (7754) 7842) COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG. 

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