Monday, July 26, 2021

Major Grains+CADUSD-Trends.Trading.Targets.July26/2021-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/MORE-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM(302-758.2)
TRADING: DOWN-TREND OVERSOLD-TESTED/CLOSED UP ABOVE SUPPORT@540-BUYING-DEESCALATED. 
TARGETS: (588(564-540)517)COMMERCIAL-MORE NET SHORT/NON COMMERCIAL-MORE NET LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 4.93MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME-DOWN-LONG TERM(791-1667.4).
TRADING: DOWN-CONVERGENCE OF TRENDS/1329 AS SUPPORT-CLOSE UP-BUYING-ESCALATED. 
TARGETS: (1403(1366-1329)1293)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: DOWN-VOLUME: DOWN-LONG TERM(387-773.0). 
TRADING: DOWN-TREND CONFIRMED-661 AS SUPPORT-CLOSED DOWN-NET BUYING-STEADY .
TARGETS: (714(688-661)635)COMMERCIAL-NOW NET SHORT/NON COMMERCIAL-MORE NET LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: UP-TREND CONFIRMED AS RESISTANCE-CLOSE UP@TREND-NET BUYING
-STEADY.
TARGETS: (8054(7964-7875)7786)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG. 

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