Tuesday, August 17, 2021

Major Grains-CADUSD-Trends.Trading.Targets-Aug17/2021-Tues.

MARKETS: PRICE-SUPPLY/DEMAND DURING 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 6.55MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE/(302-758.2)
TRADING: DOWN-MOVE DOWN-ON TREND-564/RESISTANCE HELD-CLOSE DOWN-SELLING-STEADY. 
TARGETS: (613(588-564)540)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-MORE NET LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 0.34MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME-DOWN-LONG TERM/(791-1667.4).
TRADING:FLAT/TOP-RESISTANCE@TREND/1366 HELD-CLOSE DOWN-SELLING-MORE ACTIVE. 
TARGg)1293)COMMERCIAL-17/2021gLESS NET SHORT/NON COMMERCIAL-LESS NET LONG.

WHEAT (ZWZ21)/NEW: LIMIT $0.45/BU WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 11.61MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE/(387-786.4). 
TRADING: DOWN-MOVE DOWN-TESTED TREND/764-CLOSED DOWN BELOW-SELLING-MORE ACTIVE-.
TARGETS: (711(737-764)792)COMMERCIAL-MORE NET SHORT/NON COMMERCIAL-FLAT NET LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME: UP-LONG TERM RANGE/(6809-8301)
TRADING: DOWN-FROM FLAT MOVE-ON TREND-BELOW 7964-CLOSE DOWN-SELLING
-STEADY.
TARGETS: (8054(7964-7875)7786)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG.

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