Tuesday, February 09, 2021

Major Grains+CADUSD-Trends,Trading.Targets-Feb09/2021-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 1.80MMT
TRENDS: PRICE: UP-OPEN INTEREST: @TOP-VOLUME: UP/2DAYS-LONG RANGE (302-574.4)
TRADING: UP-ON TREND-575/RESISTANCE HELD-CLOSE FLAT-NET SELLING-GAINED MOMENTUM. 
TARGETS: (529 (552-575) 599) USERS: COVERED NET SHORT-FUNDS: SOLD NET LONG.

SOYS (ZSH21). LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 0.96MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: UP-LONG RANGE (791-1436.4).
TRADING: UP-ABOVE TREND-@1407/RESISTANCE-CLOSE UP-BUYING-GAINED MOMENTUM. 
TARGETS: (1334 (1370-1407) 1444)  USERS: SOLD NET SHORT-FUNDS: COVERED NET LONG.

WHEAT (ZWH21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-DOWN 4.96MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST:UP-VOLUME: UP-LONG RANGE (387-693.0). 
TRADING: FLAT-ON TREND-641 AS SUPPORT-CLOSE DOWN-SELLING-GAINED 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: DOWN-VOLUME: DOWN-LONG RANGE-(6809-8295)
TRADING: MOVE UP-ABOVE TREND-RESISTANCE TESTED@7842-CLOSE UP
-GAINED MOMENTUM.
Targets: (7794 (7854-7765) USERS: COVERED NET SHORT-FUNDS: SOLD NET LONG

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