Friday, July 09, 2021

Major Grains+CSDUSD-Trends.Trading.Targets-July09/2021-Friday

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/FLAT-VOLUME: UP-LONG TERM(302-758.2)
TRADING: DOWN-MOVE DOWN-BELOW TREND-TESTED/CLOSED@SUPPORT@517-NET-SELLING-STEADY. 
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 1.46MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME: UP-LONG TERM(791-1667.4).
TRADING: FLAT-MOVE DOWN-BELOW TREND-@SUPPORT MID(1329-1293)-BUYING-LESS ACTIVE. 
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-UP 1.64MMT 
TRENDS: PRICE: DOWN/MORESO-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM(387-773.0). 
TRADING: DOWN-MOVE DOWN/SHARP-BELOW TREND-MET SUPPORT@610-NET SELLING-STEADY.
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-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: UP-MOVE DOWN-BELOW TREND-MET SUPPORT@7964-CLOSE UP BUYING
-STEADY ACTIVITY.
TARGETS: (8145(8054-7964)7875)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG. 

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