Wednesday, April 14, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Apr14/2021.Wed

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): $0.40/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 3.82 MMT
TRENDS: PRICES: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE (302-595.0)
TRADING: UP-ABOVE TREND/RESISTANCE@575-CLOSED UP-BUYING-STEADY VOLATILITY. 
TARGETS: (529 (552-575) 599) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: COVERED.

SOYS (ZSN21): $1.05/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: UP-VOLUME: UP-LONG TERM RANGE (791-1460.0).
TRADING: UP-ON TREND-@1410/RESISTANCE-CLOSE UP-NET BUYING-MORE VOLATILITY. 
TARGETS: (1448 (1410-1373) 1335) COMMERCIAL: SOLD SHORT-NON COMMERCIAL: ACCUMULATED.

WHEAT (ZWN21): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: UP-VOLUME: UP/DAY-LONG TERM RANGE (387-693.0). 
TRADING: UP-MOVE UP-ON TREND-TESTED/CLOSE UP ABOVE 647-NET BUYING-MORE VOLATILITY.
TARGETS: (673 (647-621) 596) COMMERCIAL: LIQUIDATED-NON COMMERCIAL: COVERED SHORT.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICES: UP/LESS-OPEN INTEREST: FLAT-VOLUME: FLAT-LONG TERM RANGE-(6809-8295)
TRADING: UP-UPSIDE TREND-MET RESISTANCE BELOW 8019-
CLOSED UP-NET BUYING-LESS VOLATILITY.
TARGETS: (7842-7930) 8019) COMM: ACCUMULATED-NON COMM: SOLD SHORT 

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