Thursday, February 11, 2021

Major Grains+CADUSD-Trends,Trading.Targets-Feb11/2021-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 (ZCK21): LIMIT $0.25/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 1.80MMT
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM RANGE (302-574.4)
TRADING: DOWN-ON TREND-TESTED SUPPORT@529-CLOSE ABOVE-NET BUYING-GAINED MOMENTUM. 
TARGETS: (506 (529-552) 575) USERS: COVERED NET SHORT-FUNDS: SOLD NET LONG.

SOYS (ZSK21): LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.96MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM RANGE (791-1436.4).
TRADING: DOWN-ON TREND-TESTED/CLOSE UP BELOW 1370-NET BUYING-LOST MOMENTUM. 
TARGETS: (1293 (1334-1370) 1407)  USERS: SOLD NET SHORT-FUNDS: COVERED NET LONG.

WHEAT (ZWK21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 4.96MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST:UP-VOLUME: DOWN-LONG TERM RANGE (387-693.0). 
TRADING: DOWN-ON TREND-MAJOR SUPPORT MID(641-615)-NET SELLING-LOST MOMENTUM.
TARGETS: (693 (667-641) 615) USERS: COVERED NET SHORT-FUNDS: SOLD NET LONG.

DOLLAR (D6H21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM RANGE-(6809-8295)
TRADING: FLAT-ABOVE TREND-UPSIDE 7854-CLOSE FLAT-NET SELLING
-STEADY MOMENTUM.
Targets: (7944 (7854-7765) USERS: COVERED NET SHORT-FUNDS: SOLD NET LONG

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