Thursday, July 01, 2021

Major Grains+CADUSD-Trends.Trading.Targets-July01/2021-Thurs.

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: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM-(302-758.2)
TRADING: MOVE/UP-BELOW BELOW-MET RESISTANCE@613-CLOSE FLAT@588-SELLING-LESS ACTIVITY. 
TARGETS: (638(613-588)564) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG/NET.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.46MMT 
TRENDS: PRICE-: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM-(791-1667.4).
TRADING: MOVE/UP-OFF TREND-CLOSED DOWN BELOW 1403-NET SELLING-LESS ACTIVITY. 
TARGETS: (1441(1403-1366)1329) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG/NET.

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

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/MODERATE-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: DOWN-PARALLEL BELOW TREND-CLOSED DOWN BELOW SUPPORT@8054- SELLI
NG-STEADY.
TARGETS: (8236(8145-8054)7964) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG /NET. 

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