Major Grain-CADUSD-Trends.Traded.Targets.May07/2021-Fri.

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: DOWN-LONG TERM RANGE (302-758.2)

TRADED: MOVE UP-ABOVE TREND-TESTED/CLOSED UP ABOVE RESISTANCE@726-BUYING-STEADY. 

TARGETS: (699 (726-753) 780) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE 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-ON TREND-NEAR RESISTANCE@1602-NET BUYING-MORE ACTIVE. 

TARGETS: (1524 (1563-1602) 1642) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

WHEAT (ZWN21): LIMIT $0.45/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.67MMT 
TRENDS: PRICE: UP/MORE-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM RANGE (387-773.0). 
TRADED: UP-ON TREND-TESTED RESISTANCE@/CLOSED UP BELOW 764-NET BUYING-STEADY.

TARGETS: (711 (737-764) 792) COMMERCIAL: MORE SHORT-NON COMMERCIAL: LESS LONG.

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

TARGETS: (8109-8199) 8290) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG