Monday, April 12, 2021

Major Grains+CADUSD+Trends.Trading.Targets-Apr12/2021-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 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: FLAT-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE (302-595.0)
TRADING: DOWN-CONSOLIDATION-@553/SUPPORT-CLOSE DOWN-NET SELLING-STEADY VOLATILITY. 
TARGETS: (577 (553-524) 506) COMMERCIAL: ACCUMULATED-NON COMMERCIAL: COVERED.

SOYS (ZSN21): $1.05/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICES: FLAT-OPEN INTEREST: DOWN-VOLUME: UP-LONG TERM RANGE (791-1460.0).
TRADING: CLOSE DOWN-CONSOLIDATION-NEAR 1373/SUPPORT-SELLING- MORE VOLATILITY. 
TARGETS: (1448 (1410-1373) 1335) 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: DOWN-BELOW TREND-MID(647-621)-CLOSE DOWN-NET SELLING-STEADY VOLATILITY.
TARGETS: (673 (647-621) 596) 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: FLAT-TESTED TREND DOWN
-MID(7930-8019)-CLOSED DOWN-SELLING-LESS VOLATILITY.
TARGETS: (7842-7930) 8019) COMM: ACCUMULATED-NON COMM: SOLD SHORT 

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