Tuesday, April 20, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Apr20/2021-Tues

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 (302-597.6)
TRADING: MOVE UP-TESTED/CLOSE UP-MET RESISTANCE NEAR 599-NET BUYING-MORE VOLATILITY. 
TARGETS: (5552 (575-599) 623) COMMERCIAL: SOLD SHORT-NON COMMERCIAL: ACCUMULATED.

SOYS (ZSN21): $1.05/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICES: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE (791-1471.4).
TRADING: MOVE UP-ABOVE TREND-BELOW RESISTANCE@1485-NET BUYING-MORE VOLATILITY. 
TARGETS: (1409 (1447-1485) 1523) 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: FLAT-ABOVE TREND-TESTED/CLOSED UP BELOW 673-NET BUYING-MORE 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: UP/DAY-LONG TERM RANGE-(6809-8295)
TRADING: DOWN-TESTED/CLOSED DOWN BELOW TREND/7930
-SELLING-MORE VOLATILITY.
TARGETS: (7842-7930) 8019) COMMERCIAL: NET SHORT-NON COMM: NET LONG 

No comments:

Google+