Tuesday, January 05, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jan05/2021-Tuesday

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 2.47MMT
TRENDS: PRICE/(MORE) UP-OPEN INTEREST UP/(MORE)-VOLUME-FLAT-LONG RANGE (302-497.6)
TRADING: FLAT-MOVE UP-BELOW TREND-484/SUPPORT-CLOSE UP-NET BUYING-DEESCALATED. 
TARGETS: (442 (463-484) 506) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG.

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.58MMT 
TRENDS: PRICE: FIRST UP-OPEN INTEREST FLAT-VOLUME UP-RANGE (791-1373.2).
TRADING: MOVE UP/STEEP-ABOVE TREND-TESTED 1370-CLOSE UP-NET BUYING-ESCALATED. 
TARGETS: (1257 (1293-1334) 1370) COMMERCIALS LESS SHORT-NON COMMERCIALS-LESS LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.45MMT 0
TRENDS: PRICE UP/(SHARP)-OPEN INTEREST UP/SLOW-VOLUME UP-LONG RANGE (387-664.4). 
TRADING: UP-ON/UPSIDE TREND-TESTED/CLOSED UP BELOW 659-NET BUYING-ESCALATED.
TARGETS:(609 (634-659) 686) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE LAST UP-OPEN INTEREST FLAT-VOLUME DOWN-LONG RANGE-(6809-8295)
TRADING: UP
-ABOVE TREND-TESTED PREVIOUS HIGH/7869-CLOSED ABOVE-BUYING-STEADY.
TARGETS: (7697-(7785-7869) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG. 

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