Monday, April 26, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Apr26/2021-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 POINTS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCN21): $0.25/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 3.82 MMT
TRENDS: PRICES: UP-OPEN INTEREST: UP-VOLUME: UP-LONG TERM RANGE (302-680.4)
TRADING: UP/LIMIT-SUPPORT@TREND PREVAILED-RESISTANCE@648 PENETRATED-MORE ACTIVE. 
TARGETS: (599 (623-648) 673) 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 (791-1573.0).
TRADING: UP-SUPPORT@TREND/1524 PREVAILED-CLOSE UP MID(1524-1563)-LESS ACTIVE. 
TARGETS: (1485 (1524-1563) 1602) 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 (387-746.0). 
TRADING: MOVE UP-TESTED RESISTANCE/CLOSE UP@TREND/737-BUYING-MORE ACTIVE.
TARGETS(685 (711-737) 764) 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:MOVE UP-MET RESISTANCE/CLOSE UP@TREND-MID(8019-8109) 
-BUYING-MORE ACTIVE.
TARGETS: (7930-8019) 8109) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG 

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