Tuesday, August 24, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Aug24/2021-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/MORE-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE/(302-758.2)
TRADING: UP-ABOVE TREND-PENETRATED/CLOSE ABOVE RESISTANCE@540-BUYING-DEESCALATED. 
TARGETS: (564(540-517)494)COMMERCIAL-MORE SHORT/NON COMMERCIAL-MORE LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 0.34MMT 
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: FLAT-VOLUME-FLAT-LONG TERM/(791-1667.4).
TRADING: UP-ON TREND-PENETRATED/CLOSE@RESISTANCE@1329-BUYING-ESCALATED. 
TARGETS: (1366(1329-1293)1257)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: DOWN/STEEP-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE/(387-786.4). 
TRADING: FLAT-MOVE DOWN-OFF TREND-TESTED SUPPORT/CLOSE FLAT@731-BUYING-DEESCALATED.
TARGETS: (786(758-731)704)COMMERCIAL-MORE SHORT/NON COMMERCIAL-MORE LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE/(6820-8321)
TRADING: UP-ABOVE REVISED TREND-CLOSE UP BELOW 7964-BUYING DEESCALATED.
TARGETS: (7964(7875-7786)7698)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

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