Saturday, July 03, 2021

Major Grains+CADUSD-Trends.Trading.Targets-July02/2021-Fri

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: UP-VOLUME: DOWN-LONG TERM(302-758.2)
TRADING: DOWN BELOW TREND-DISTINCT LOWER HIGH@613-CLOSE BELOW 588-SELLING-LESS ACTIVE. 
TARGETS: (638(613-588)564)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.46MMT 
TRENDS: PRICE-: DOWN/LESS-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM(791-1667.4).
TRADING: FLAT-TESTED RESISTANCE@TREND/1403-CLOSE UP-NET BUYING-LESS ACTIVITY. 
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-UP 1.64MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: UP/LESS-VOLUME: UP-LONG TERM(387-773.0). 
TRADING: DOWN-MET SUPPORT@TREND-CLOSE DOWN BELOW 661-SELLING-REDUCED ACTIVITY.
TARGETS: (714(688-661)635)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-MORE NET LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/MODERATE-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: UP-ON TREND-MET RESISTANCE MID(8145-8054)-CLOSE UP-BUYING
-MORE ACTIVITY.
TARGETS: (8236(8145-8054)7964)COMMERCIAL-MORE NET SHORT/NON COMMERCIAL-MORE NET LONG. 

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