Thursday, April 22, 2021

Major Grains-CADUSD-Trends.Trading.Targets-April22/21-Thur.

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 (ZCN21): $0.25/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 3.82 MMT
TRENDS: PRICES: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE (302-637.4)
TRADING: UP/LIMIT-@TREND@RESISTANCE-TESTED/CLOSED ABOVE 623-BUYING-MORE VOLATILITY. 
TARGETS: (575 (599-623) 648) COMMERCIAL: SOLD SHORT-NON COMMERCIAL: ACCUMULATED.

SOYS (ZSN21): $0.70/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICES: UP/SHARP-OPEN INTEREST: UP-VOLUME: UP-LONG RANGE (791-1543.0).
TRADING: UP-ON TREND-@RESISTANCE@1523-CLOSE UP-BUYING-MORE VOLATILITY. 
TARGETS: (1447 (1485-1523) 1563) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: LIQUIDATED.

WHEAT (ZWN21): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICES: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE (387-715.0). 
TRADING: UP-TESTED TREND/RESISTANCE@711-CLOSE UP@711-BUYING-MORE VOLATILITY.
TARGETS: (659 (685-711) 738) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: SOLD SHORT.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICES: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE-(6809-8295)
TRADING: UP-BELOW TREND-RESISTANCE@8019 PREVAILS-CLOSE FLAT
-MATCHED-LESS VOLATILITY.
TARGETS: (7842-7930) 8019) COMMERCIAL: NET SHORT-NON COMM: NET LONG 

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