Thursday, April 08, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Apr08/2021-Thur.

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 (ZCK21): $0.40/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.13MMT
TRENDS: PRICES: UP-OPEN INTEREST: DOWN-VOLUME: UP/DAY-LONG RANGE (302-574.4)
TRADING: UP-MOVE UP-ABOVE TREND-TESTED/CLOSE UP ABOVE 575-BUYING-MORE VOLATILITY. 
TARGETS: (552 (575-599) 623) COMMERCIAL: COVERED-NON COMMERCIAL: LIQUIDATED.

SOYS (ZSK21): $1.05/BU LIMIT-WORLD END STOCKS/(LESS CHINA)-2020/21-UP 0.61MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: DOWN-VOLUME: UP-LONG RANGE (791-1460.0).
TRADING: MOVE FLAT-ON TREND-TESTED/CLOSE BELOW 1422-BUYING-LESS VOLATILITY. 
TARGETS: (1460 (1422-1384) 1347) COMMERCIAL: ACCUMULATED-NON COMM: LIQUIDATED.

WHEAT (ZWK21): LIMIT $0.40/BU ENDING STOCKS/(LESS CHINA)-2020/21-UP 1.47MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: DOWN-VOLUME: UP-LONG RANGE (387-693.0). 
TRADING: UP-MOVE FLAT-ON TREND-CLOSE UP-MID(615-641)-BUYING-MORE VOLATILITY.
TARGETS(641 (615-591) 566) COMMERCIAL: COVERED SHORT-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: UP-ON TREND
-TESTED SUPPORT@/CLOSED UP ABOVE 7930-BUYING-STEADY VOLATILITY.
TARGETS: (7842-7930) 8019) COMM: SOLD SHORT-NON COMM: ACCUMULATED 

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