Major Grains+CADUSD-Trends.Traded.Targets-May12/2021-Wed.

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 2.31 MMT
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM RANGE (302-758.2)

TRADED: MOVE FLAT-ABOVE TREND-RESISTANCE@726-CLOSED DOWN-SELLING-STEADY ACTIVITY. 

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

SOYS (ZSN21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 0.52MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: UP-LONG TERM RANGE (791-1667.4).
TRADED: UP-ABOVE TREND MET RESISTANCE MID(1642-1682)-NET SELLING-STEADY ACTIVITY. 

TARGETS: (1563 (1602-1642) 1682) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

WHEAT (ZWN21): LIMIT $0.45/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.85MMT 
TRENDS: PRICE: UP-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM RANGE (387-773.0). 
TRADED: UP-BELOW TREND-MET RESISTANCE MID(737-764)-CLOSE DOWN-SELLING-MORE ACTIVITY.

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

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE-(6809-8295)
TRADED: UP-ABOVE TREND-TESTED RESISTANCE@/CLOSE DOWN BELOW 8290-SELLING-MORE ACTIVITY.

TARGETS: (8199-8290) 8381) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG