Wednesday, May 19, 2021

Major Grains+CADUSD-Trends.Traded.Targets-May19/2021-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: DOWN-TREND/RESISTANCE-PENETRATED/CLOSED FLAT ABOVE 648-BUYING-MORE ACTIVITY. 
TARGETS: (599 (623-648) 673) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

SOYS (ZSN21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 0.52MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: DOWN -VOLUME: UP-LONG TERM RANGE (791-1667.4).
TRADED: DOWN-ABOVE TREND-MET SUPPORT@1524-CLOSE DOWN-SELLING-MORE ACTIVITY. 
TARGETS: (1485 (1524-1563) 1602) COMMERCIAL: FLAT SHORT-NON COMMERCIAL: LESS LONG.

WHEAT (ZWN21): LIMIT $0.45/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.85MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: DOWN/FLAT-VOLUME: UP-LONG TERM (387-773.0). 
TRADED: DOWN-BELOW TREND-SUPPORT@MID(688-668)-CLOSE DOWN-SELLING-MORE ACTIVITY.
TARGETS: (714 (688-668) 636) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP/LESS-VOLUME: DOWN-LONG TERM RANGE-(6809-8301)
TRADED: DOWN-ON/DOWNSIDE
 TREND MET RESISTANCE@TREND/8290-NET SELLING-MORE ACTIVITY.
TARGETS: (8199-8290) 8381) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG 

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