Thursday, January 07, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jan07/2020-Thursday

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: UP-OPEN INTEREST: UP/STEEP-VOLUME:-DOWN-LONG RANGE (302-502.6)
TRADING: DOWN-MOVE UP-DISCOUNT TO TREND-BUYING UPSIDE 484-CLOSE FLAT-DEESCALATED. 
TARGETS: (463 (484-506) 529) 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: UP-VOLUME: DOWN-RANGE (791-1378.2).
TRADING: DOWN-MOVE UP-PREMIUM TO TREND-SELLING@1370-CLOSE DOWN-STEADY. 
TARGETS: (1293 (1334-1370) 1407) 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-VOLUME: DOWN-LONG RANGE (387-664.4). 
TRADING: DOWN-CONFIRMED TREND-NET SELLING MID(659-634)-CLOSE DOWN-DEESCALATED.
TARGETS:(609 (634-659) 684) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: UP/(MORE)-OPEN INTEREST: UP-VOLUME: DOWN-LONG RANGE-(6809-8295)
TRADING: DOWN-DISCOUNT TO 
TREND-BUYING/TESTED 7869-CLOSED FLAT-DEESCALATED.
TARGETS: (7785-7869) 7958) COMMERCIALS MORE SHORT-NON COMMERCIALS MORE LONG. 

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