Tuesday, April 27, 2021

MajorGrains+CADUSD-Trends.Trading.Targets-Apr27/21-Tues.

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: PRICE: UP-OPEN INTEREST: UP-VOLUME: UP/DAY-LONG TERM RANGE (302-720.4)
TRADING: ABOVE TREND/648 LOW-RESISTANCE TESTED@673-CLOSE LOWER-SELLING-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: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: UP-LONG RANGE (791-1608.6).
TRADING: UP-TESTED 1563-CLOSED DOWN BELOW TREND/1524-SELLING-MORE ACTIVE. 
TARGETS: (1447 (1485-1524) 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: PRICE: UP-OPEN INTEREST: UP/LESS-VOLUME: UP-LONG TERM RANGE (387-773.0). 
TRADING: UP-@RESISTANCE@764-@SUPPORT@TREND/737-CLOSE DOWN-SELLING-ACTIVE.
TARGETS(685 (711-737) 764) COMMERCIAL: NOW SHORT-NON COMMERCIAL: MORE LONG.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE-(6809-8295)
TRADING:MOVE UP-MET RESISTANCE/CLOSE FLAT@TREND-MID(8019-8109) 
-SELLING-LESS ACTIVE.
TARGETS: (7930-80192) 8109) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG 

No comments:

Google+