Thursday, April 29, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Apr29/21-Thur.

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

CORN (ZCN21): $0.25/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 3.82 MMT
TRENDS: PRICE: UP-OPEN INTEREST: UP/LESS-VOLUME: DOWN-LONG TERM RANGE (302-720.4)
TRADED: FLAT-TESTED SUPPORT@TREND-MET RESISTANCE/CLOSE UP@648-NET BUYNG-LESS ACTIVE. 
TARGETS: (599 (623-648) 673) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

SOYS (ZSN21): $0.70/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP/LESS-VOLUME: DOWN-LONG RANGE (791-1608.6).
TRADED: FLAT-ASIDE TREND-TESTED RESISTANCE@1524-CLOSE DOWN-SELLING-LESS ACTIVE. 
TARGETS: (1447 (1485-1524) 1563) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

WHEAT (ZWN21): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP/LESS-VOLUME: FLAT-LONG TERM RANGE (387-773.0). 
TRADED: FLAT-BELOW TREND-MET SUPPORT-UPSIDE 711-CLOSE UP-NET BUYING-LESS ACTIVE.
TARGETS(685 (711-737) 764) COMMERCIAL: NOW SHORT-NON COMMERCIAL: MORE LONG.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE-(6809-8295)
TRADED: UP/
MOVE UP-ABOVE TREND-UPSIDE SUPPORT@8109-CLOSE UP-BUYING-LESS ACTIVE.
TARGETS: (8019-8109) 8199) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG 

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