Wednesday, March 17, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Mar17/2021-Wed

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS UP: JOIN DISTINCT HIGHER LOWS-TRENDS DOWN: JOIN DISTINCT LOWER HIGHS
TRADING: DIRECTION-TREND-TARGET-ACTIVITY-CLOSE-VOLATILITY(HI/LO PRICE RANGE).
TARGETS: PROJECTED PRICE LEVELS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCK21): LIMIT $0.25/BU-ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.13MMT
TRENDS: PRICE: UP/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG RANGE (302-574.4)
TRADING: UP@TOP IN FLAT CONSOLIDATION-CLOSED ABOVE 552-NET BUYING-LOWER VOLATILITY. 
TARGETS: (507 (529-552) 575) COMMERCIALS: LIQUIDATED-NON COMMERCIALS: SOLD SHORT.

SOYS (ZSK21): LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-UP 0.61MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: LOWER-VOLUME: DOWN-LONG RANGE (791-1460.0).
TRADING: FLAT-ABOVE TREND/1407-CLOSE DOWN-SELLING-HIGHER VOLATILITY-LOOKS TOPPY. 
TARGETS: (1370 (1407-1444) 1482) COMMERCIALS: SOLD SHORT-NON COMMERCIALS: ACCUMULATED.

WHEAT (ZWK21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.47MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: LOWER-VOLUME: DOWN-LONG TERM RANGE (387-693.0). 
TRADING: FLAT-ON REVISED TREND-MAJOR SUPPORT@641-CLOSE DOWN-SELLING-LOWER VOLATILITY.
TARGETS: (693 (667-641) 615) COMMERCIALS: COVERED-NON COMMERCIALS: LIQUIDATED.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP/LESS-VOLUME: DOWN-LONG TERM RANGE-(6809-8295)
TRADING: MOVE UP-ABOVE TREND-SUPPORT AGAIN@8019/CLOSE UP-NET BUYING
-HIGHER VOLATILITY.
TARGETS: (7930-8019) 8109) COMMERCIALS: ACCUMULATED-NON COMMS: SOLD SHORT 

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