Monday, April 19, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Apr19/2021-Mon

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: DOWN-LONG TERM RANGE (302-595.0)
TRADING: UP-MORE RESISTANCE@PREVIOUS HIGHS ABOVE 575 CLOSE UP-SELLING-LESS VOLATILITY. 
TARGETS: (529 (552-575) 599) COMMERCIAL: SOLD SHORT-NON COMMERCIAL: ACCUMULATED.

SOYS (ZSN21): $1.05/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE (791-1460.0).
TRADING: MOVE UP/STEEP-ABOVE TREND-BELOW 1448-CLOSE UP-BUYING-LESS VOLATILITY. 
TARGETS: (1486 (1448-1410) 1373) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: LIQUIDATED.

WHEAT (ZWN21): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE (387-693.0). 
TRADING: MOVE UP/SHARP-ABOVE TREND-ABOVE 647-CLOSE DOWN-SELLING-STEADY VOLATILITY.
TARGETS: (673 (647-621) 596) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: SOLD SHORT.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICES: UP/LESS-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM RANGE-(6809-8295)
TRADING: FLAT-ABOVE TREND-MET RESISTANCE@8019-
CLOSED DOWN-SELLING-STEADY VOLATILITY.
TARGETS: (7842-7930) 8019) COMMERCIAL: NET SHORT-NON COMM: NET LONG 

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