Tuesday, July 06, 2021

Major Grains+CADUSD-Trends.Trading.Targets-July06/2021-Tues

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: BREAKAWAY GAP DOWN-UPSIDE TREND-CLOSE DOWN@540-SELLING-LESS ACTIVE-BEARISH. 
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 1.46MMT 
TRENDS: PRICE-: DOWN/LESS-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM(791-1667.4).
TRADING: BREAKAWAY GAP DOWN-BELOW TREND/ABOVE 1293-CLOSE DOWN-SELLING-BEARISH. 
TARGETS: (1366(1329-1293)1257)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/MORESO-OPEN INTEREST: UP-VOLUME: UP-LONG TERM(387-773.0). 
TRADING: BREAKAWAY GAP DOWN-BELOW TREND-SUPPORT ABOVE 610 NET SELLING-STEADY-BEARISH.
TARGETS: (661(635-610)585)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: TOP REVERSAL DOWN-ON TREND-SUPPORT MID(8054-7964)-CLOSE DOWN-SELLING
-BEARISH.
TARGETS: (8145(8054-7964)7875)COMMERCIAL-MORE NET SHORT/NON COMMERCIAL-MORE NET LONG. 

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