Friday, April 09, 2021

Major Grains+CADUSD-Trends.Trading.Targets-09/2021-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 (ZCK21): $0.40/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 3.82 MMT
TRENDS: PRICES: UP-OPEN INTEREST: DOWN-VOLUME: UP/DAYS-LONG RANGE (302-595.0)
TRADING: UP/STEEP-ABOVE TREND-@599/RESISTANCE-CLOSE DOWN-SELLING-STEADY VOLATILITY. 
TARGETS: (552 (575-599) 623) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: COVERED.

SOYS (ZSK21): $1.05/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: DOWN-VOLUME: UP-LONG RANGE (791-1460.0).
TRADING: DOWN-MOVE DOWN-ON TREND-DOWNSIDE 1422-SELLING-STEADY VOLATILITY. 
TARGETS: (1460 (1422-1384) 1347) COMMERCIAL: SOLD SHORT-NON COMMERCIAL: ACCUMULATED.

WHEAT (ZWN21): LIMIT $0.40/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICES: DOWN-OPEN INTEREST: UP-VOLUME: UP-LONG TERM RANGE (387-693.0). 
TRADING: UP/STEEP-ABOVE TREND-TESTED/CLOSED@641-NET BUYING-MORE VOLATILITY.
TARGETS: (667 (641-615) 591) COMMERCIAL: LIQUIDATED-NON COMMERCIAL: COVERED 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
-MET SUPPORT@7930-CLOSED UP-NET -BUYING-MORE VOLATILITY.
TARGETS: (7842-7930) 8019) COMM: ACCUMULATED-NON COMM: SOLD SHORT 

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