Friday, January 29, 2021

Major Grains+CADUSD-Trends.Trading.Targets.Jan29/2021-Fri

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: UP-LONG RANGE (302-553.6)
TRADING: MOVE UP-UPSIDE TREND-TESTED RESISTANCE@552-CLOSE UP-NET BUYING-STEADY. 
TARGETS: (506 (529-552) 582) USERS: SOLD NET SHORT-FUNDS: COVERED NET SHORT.

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: FLAT-ABOVE TREND-TESTED/CLOSE UP ABOVE 1361-NET BUYING-DEESCALATED. 
TARGETS: (1288 (1324-1361) 1398)  USERS: SOLD NET SHORT-FUNDS: COVERED NET SHORT.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.07MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST:UP-VOLUME: FLAT-LONG RANGE (387-693.0). 
TRADING: FLAT-ON TREND-RESISTANCE@667 PREVAILING-CLOSE UP-BUYING-STEADY.
TARGETS: (693 (667-641) 615) USERS: BOUGHT NET LONG-FUNDS: SOLD NET LONG.

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP-LONG RANGE-(6809-8295)
TRADING: FLAT-ON TREND-SUPPORT@7754/PREVIOUS LOWS-CLOSE FLAT-NET BUYING
-ESCALATED.
TARGETS: (7666 (7754) 7842) USERS: SOLD NET SHORT-FUNDS: BOUGHT NET LONG. 

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