Tuesday, March 30, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Mar30/2021-Tues

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING VOLATILITY OF TRADING
TRENDS: LINES/UP: JOIN DISTINCT HIGHER LOWS-/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: PRICES: UP-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG RANGE (302-574.4)
TRADING: FLAT CONSOLIDATION-ABOVE 552-CLOSE DOWN-NET BUYING-INCREASED VOLATILITY. 
TARGETS: (507 (529-552) 575) COMMERCIALS: LIQUIDATED-NON COMMS: ACCUMULATED.

SOYS (ZSK21): LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-UP 0.61MMT 
TRENDS: PRICES: DOWN/STEEP-OPEN INTEREST: FLAT-VOLUME: DOWN-RANGE (791-1460.0).
TRADING: DOWN-ON TREND-MID(1384-1347)-CLOSE BELOW-SELLING-INCREASED VOLATILITY. 
TARGETS: (1422 (1384-1347) 1310) COMMERCIALS: LIQUIDATED-NON COMMS: ACCUMULATED.

WHEAT (ZWK21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.47MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: DRIFT LOWER-VOLUME: DOWN-LONG RANGE (387-693.0). 
TRADING: DOWN-ON/CLOSED BELOW TREND-MID(615-591)-SELLING-INCREASED VOLATILITY.
TARGETS(641 (615-591) 566) COMMERCIALS: COVERED SHORT-NON COMMERCIALS: SOLD SHORT.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICES: UP/LESS-OPEN INTEREST: LOWER-VOLUME: DOWN-LONG TERM RANGE-(6809-8295)
TRADING: DOWN-ON TREND-TESTED/CLOSED BELOW SUPPORT@7930
-SELLING-STEADY VOLATILITY.
TARGETS: (7842-7930) 8019) COMMERCIALS: LIQUIDATED-NON COMMS: SOLD SHORT 

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