Wednesday, May 26, 2021

Major Grains+CADUSD-Trends.Traded.Targets-May26/2021-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: DOWN/SHARP-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM(302-758.2)
TRADED: DOWNSIDE TREND-MET SUPPORT@605/RESISTANCE@630-CLOSE UP-BUYING-LESS ACTIVITY. 
TARGETS: (655 (630-605) 580) 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-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM RANGE(791-1667.4).
TRADED: MOVE DOWN-NEAR TREND AS SUPPORT-@1524 AS RESISTANCE-NET SELLING-STEADY. 
TARGETS: (1447(1485-1524) 1563) 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: DOWN/SHARP-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM (387-773.0). 
TRADED: PARALLEL TREND-MID(661-635) AS SUPPORT-CLOSE DOWN-NET SELLING-LESS ACTIVITY.
TARGETS: (688 (661-635) 610) COMMERCIAL: LESS SHORT-NON COMMERCIAL: MORE LONG.

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

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