Wednesday, April 21, 2021

Major grains+CADUSD-Trends.Trading.Targets-Apr21/2021-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: UP/FLAT-LONG TERM RANGE (302-628.4)
TRADING: MOVE UP/SHARP-TESTED/CLOSE UP ABOVE RESISTANCE@599-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: UP-LONG TERM RANGE (791-1499.6).
TRADING: MOVE UP/STEEP-NEAR RESISTANCE@1485-CLOSE UP-BUYING-LESS 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-MOVE UP/SHARP-TESTED/CLOSE UP@RESISTANCE@673-NET BUYING-LESS VOLATILITY.
TARGETS: (699 (673-647) 621) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: SOLD SHORT.

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

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