Major Grain+CADUSD-Trends.Traded.Targets-May06/2021-Thur.

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING ACTIVITY OF TRADING
TRENDS: JOIN: DISTINCT HIGHER LOWS (UP)-DISTINCT LOWER HIGHS (DOWN).
TRADED: DIRECTION-TREND-TARGET-CLOSE-ACTIVITY-(HI/LO PRICE RANGE).
TARGETS: PROJECTED PRICE POINTS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCN21): $0.40/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 3.82 MMT
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: UP-LONG TERM RANGE (302-758.2)

TRADED: MOVE UP/STEEP-ABOVE TREND-MET RESISTANCE DOWNSIDE 726-NET BUYING-LESS ACTIVE. 

TARGETS: (673 (699-726) 753) COMMERCIAL: FLAT SHORT-NON COMMERCIAL: FLAT LONG.

SOYS (ZSN21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.13MMT 
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: FLAT-LONG RANGE (791-1608.6).
TRADED: UP-MOVE UP-TESTED/CLOSED UP ABOVE TREND/1563-BUYING-MORE ACTIVE. 

TARGETS: (1485 (1524-1563) 1602) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

WHEAT (ZWN21): LIMIT $0.45/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM RANGE (387-773.0). 
TRADED: UP-MOVE FLAT-MET RESISTANCE@TREND/PREVIOUS HIGH-BUYING-MORE ACTIVE.

TARGETS: (684 (711-737) 764) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP/LESS-VOLUME: DOWN-LONG TERM RANGE-(6809-8295)
TRADED: UP-ABOVE TREND-MET RESISTANCE/CLOSE UP@8199-BUYING-MORE ACTIVE.

TARGETS: (8109-8119) 8290) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG