Tuesday, March 23, 2021

Major Grains.Trends.Trading.Targets-Mar23/2021-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: DOWN -VOLUME: DOWN-LONG RANGE (302-574.4)
TRADING: @TOP IN CONSOLIDATION-TESTED/CLOSED UP@552-SELLING-LESS VOLATILITY. 
TARGETS: (507 (529-552) 575) COMMERCIALS: NET SHORT-NON COMMERCIALS: COVERED.

SOYS (ZSK21): LIMIT $0.60/BU-ENDING STOCKS/(LESS CHINA)-2020/21-UP 0.61MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG RANGE (791-1460.0).
TRADING: MOVE UP-ABOVE TREND-TESTED/CLOSED@1422-SELLING-STEADY VOLATILITY. 
TARGETS: (1461 (1422-1384) 1347) COMMERCIALS: COVERED SHORT-NON COMMERCIALS: SOLD SHORT.

WHEAT (ZWK21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.47MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM RANGE (387-693.0). 
TRADING: UP-ON TREND-TESTED/CLOSED UP-ABOVE TREND BELOW 641-OFFSET-MORE VOLATILITY.
TARGETS(667 (641-615) 591) COMMERCIALS: ACCUMULATED LONG-NON COMMERCIALS: SOLD SHORT.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICES: UP-OPEN INTEREST: UP/FLAT-VOLUME: DOWN-LONG TERM RANGE-(6809-8295)
TRADING: MOVE DOWN-DOWNSIDE TREND-NEAR 7930-CLOSE DOWN
-NET SELLING-STEADY VOLATILITY.
TARGETS: (7842-7930) 8019) COMMERCIALS: ACCUMULATED-NON COMMS: SOLD SHORT 

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