Thursday, July 22, 2021

Major Grains+CADUSD-Trends.Trading.Targets-July 22/2021-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-UP 1.77 MMT
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM(302-758.2)
TRADING: DOWNSIDE REVISED TREND-CLOSE DOWN@RESISTANCE@564-NET BUYING-ESCALATED. 
TARGETS: (588(564-540)517)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-OPEN INTEREST: UP-VOLUME-UP-LONG TERM(791-1667.4).
TRADING: DOWN-ON TREND-TESTED/CLOSE DOWN@SUPPORT@1403-NET SELLING-ESCALATED. 
TARGETS: (1441(1403-1366)1329)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG.

WHEAT (ZWU21): LIMIT $0.45/BU WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 5.12FMMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: LOWER-VOLUME: LOWER-LONG TERM(387-773.0). 
TRADING: DOWN-ABOVE TREND-RESISTANCE@714 PREVAILED-TESTED/CLOSE ABOVE SUPPORT@688 .
TARGETS: (714(688-661)635)COMMERCIAL-NOW NET LONG/NON COMMERCIAL-LESS NET LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/MODERATE-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: FLAT/CLOSED FLAT@7964-ON/DOWNSIDE TREND-NET SELLING
-DEESCALATED.
TARGETS: (8145(8054-7964)7875)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG. 

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