Friday, April 23, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Apr 23/2021-Fri

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-LONG TERM RANGE (302-658.4)
TRADING: UP-TREND AS RESISTANCE-623 AS SUPPORT-CLOSE FLAT-NET BUYING-LESS VOLATILITY. 
TARGETS: (575 (599-623) 648) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

SOYS (ZSN21): $0.70/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICES: UP/SHARP-OPEN INTEREST: UP-VOLUME: UP-LONG RANGE (791-1549.6).
TRADING: UP-BOTH TREND/1523 AS RESISTANCE-CLOSE UP-NET BUYING-LESS VOLATILITY. 
TARGETS: (1447 (1485-1523) 1563) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

WHEAT (ZWN21): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICES: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE (387-715.2). 
TRADING: FLAT-ABOVE TREND-711 AS RESISTANCE-CLOSE FLAT-BUYING-LESS VOLATILITY.
TARGETS: (659 (685-711) 738) COMMERCIAL: NOW SHORT-NON COMMERCIAL: MORE LONG.

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

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