Wednesday, June 09, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jun09/2021-Wed.

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 END STOCKS/(LESS CHINA)-20/21-DOWN 2.31 MMT
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM-(302-758.2)
TRADING: DOWN-TREND AS RESISTANCE-FILLED GAP-CLOSE FLAT-NET BUYING-MORE ACTIVITY. 
TARGETS: (581 (605-630) 655) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 0.52MMT 
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM(791-1667.4).
TRADING: DOWN-OFF TREND-TESTED/CLOSE DOWN@1448-NET SELLING-MORE ACTIVITY. 
TARGETS: (1411 (1448-1486) 1525) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

WHEAT (ZWSEP21): LIMIT $0.45/BU WORLD END STOCKS/(LESS CHINA)-20/21-DOWN-0.85MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM (387-773.0). 
TRADING: FLAT-BELOW/PARALLEL TO TREND-CLOSED UP@688-NET BUYING-LESS ACTIVITY.
TARGETS: (714 (688-661) 635) COMMERCIAL: LESS SHORT-NON COMMERCIAL: MORE LONG.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: FLAT-OPEN INTEREST: DOWN/JUN EXPIRY-VOLUME: UP-LONG TERM-(6809-8301)
TRADING: FLAT IN CONSOLIDATION-ON TREND-RESISTANCE@8290-SELLI
NG-MORE ACTIVITY.
TARGETS: (8199-8290) 8381) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG  

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