Wednesday, August 18, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Aug18/2021-Wed.

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: FLAT-MOVE DOWN-BELOW TREND-MET SUPPORT@564-CLOSE FLAT-OFFSET-DECELERATED. 
TARGETS: (613(588-564)540)COMMERCIAL-LESS SHORT/NON COMMERCIAL-MORE 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: DOWN-BELOW TREND-MET RESISTANCE@1366-CLOSE DOWN-SELLING-DECELERATED. 
TARGETS: (1403(1366-1329)1293)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS 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-BELOW TREND-MET SUPPORT@737-CLOSED UP-BUYING-DECELERATED.
TARGETS: (711(737-764)792)COMMERCIAL-MORE SHORT/NON COMMERCIAL-FLAT LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE/(6820-8321)
TRADING: FLAT-ON TREND-NO BREAKOUT BELOW 7964-CLOSE FLAT-SELLING-DECELERATED.
TARGETS: (8054(7964-7875)7786)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

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