Monday, July 12, 2021

Major Grains+CADUSD-Trends.Trading.Targets-July12/2021-Mon.

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-UP 1.77 MMT
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP/FLAT-VOLUME: FLAT-LONG TERM(302-758.2)
TRADING: UP-MOVE DOWN-PENETRATED/CLOSE UP ABOVE TREND-SUPPORT@517-BUYING-ESCALATED. 
TARGETS: (564(540-517)494)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 4.93MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM(791-1667.4).
TRADING: UP-MOVE FLAT-BELOW TREND-SUPPORT@1329-1293)-CLOSE UP-BUYING-ESCALATED. 
TARGETS: (1366(1329-1293)1257)COMMERCIAL-MORE NET SHORT/NON COMMERCIAL-MORE NET LONG.

WHEAT (ZWU21): LIMIT $0.45/BU WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 5.12FMMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: LOWER-VOLUME: DOWN-LONG TERM(387-773.0). 
TRADING: UP-MOVE DOWN-PENETRATED TREND-SUPPORT@610-CLOSE UP-BUYING-ESCALATED.
TARGETS: (661(635-610)585)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/MODERATE-OPEN INTEREST: UP/LESS-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: MOVE DOWN-BELOW TREND-RESISTANCE MID(8054-7964)-CLOSE FLAT BUYING
-DEESCALATED.
TARGETS: (8145(8054-7964)7875)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG. 

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