Tuesday, February 02, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Feb02/2021-Tues.

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-/LESS-VOLUME: DOWN-LONG RANGE (302-555.6)
TRADING: FLAT-ON TREND-RESISTANCE@552 AGAIN-CLOSE UP-NET BUYING-GAINED MOMENTUM. 
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: DOWN-LONG RANGE (791-1436.4).
TRADING: FLAT-ON TREND-1370/RESISTANCE-CLOSE UP-NET BUYING-STEADY MOMENTUM. 
TARGETS: (1293 (1334-1370) 1407)  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/LESS-VOLUME: UP/DAY-LONG RANGE (387-693.0). 
TRADING: DOWN-BELOW TREND-SUPPORT@641/LOWS-CLOSE ABOVE-BUYING-GAINED MOMENTUM.
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: LOWER-LONG RANGE-(6809-8295)
TRADING: LOWER-OFF TREND-MET SUPPORT ABOVE 7754-CLOSE UP-NET BUYING
-LOST MOMENTUM.
TARGETS: (7666 (7754) 7842) USERS: SOLD NET SHORT-FUNDS: BOUGHT NET LONG. 

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