Friday, April 30, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Apr30/21-Fri.

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): $0.40/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 (302-746.2)
TRADED: UP-ABOVE TREND-RESISTANCE@673 PREVAILS-CLOSE UP@673-BUYNG-MORE ACTIVE. 
TARGETS: (648 (673-699) 726) COMMERCIAL: FLAT SHORT-NON COMMERCIAL: FLAT LONG.

SOYS (ZSN21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP/FLAT-VOLUME: DOWN-LONG RANGE (791-1608.6).
TRADED: FLAT-ASIDE TREND-RESISTANCE TESTED@1524-CLOSE DOWN-SELLING-MORE ACTIVE. 
TARGETS: (1485 (1524-1563) 1602) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

WHEAT (ZWN21): LIMIT $0.45/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP/FLAT-VOLUME: DOWN-LONG TERM RANGE (387-773.0). 
TRADED: UP-BELOW TREND-RESISTANCE@737 PREVAILED-CLOSE UP-BUYING-STEADY.
TARGETS(711 (737-764) 792) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

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

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