Friday, June 11, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jun11/2021-Fri.

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

CORN (ZCZ21): $0.40/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 2.89 MMT
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM-(302-758.2)
TRADING: DOWN-PENETRATED TREND-TESTED SUPPORT@/CLOSED ABOVE 605-NET SELLING-STEADY. 
TARGETS: (581 (605-630) 655) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.46MMT 
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM(791-1667.4).
TRADING: FLAT-OFF TREND-TESTED/CLOSE BELOW 1448-NET SELLING-MORE ACTIVITY. 
TARGETS: (1411 (1448-1486) 1525) COMMERCIAL: LESS SHORT-NON COMMERCIAL: FLAT LONG.

WHEAT (ZWU21): LIMIT $0.45/BU WORLD END STOCKS/(LESS CHINA)-20/21-UP 1.64MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM (387-773.0). 
TRADING: DOWN-PARALLEL TREND-CLOSE DOWN BELOW 688-NET SELLING-MORE ACTIVITY.
TARGETS: (714 (688-661) 635) COMMERCIAL: LESS SHORT-NON COMMERCIAL: FLAT LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN-OPEN INTEREST:UP-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: FLAT-ON TREND-TESTED/CLOSE BELOW TREND/8236-SELLI
NG-MORE ACTIVITY.
TARGETS: (8327 (8236-8145) 8054) COMMERCIAL: LESS SHORT-NON COMM: LESS LONG  

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