Wednesday, August 25, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Aug25/2021-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/LESS-OPEN INTEREST: UP-VOLUME: UP-LONG TERM RANGE/(302-758.2)
TRADING: UP-MOVE UP-BELOW REVISED TREND-SUPPORT@540/PREVIOUS LOWS-BUYING-STEADY. 
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-OPEN INTEREST: UP/SLOW-VOLUME-FLAT-LONG TERM/(791-1667.4).
TRADING: FLAT-ABOVE TREND-TESTED/CLOSE FLAT-ABOVE 1329-BUYING-DEESCALATED. 
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/LESS-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE/(387-786.4). 
TRADING: MOVE-ON TREND-TESTED SUPPORT/CLOSE DOWN BELOW 731-SELLING-ESCALATED.
TARGETS: (786(758-731)704)COMMERCIAL-MORE SHORT/NON COMMERCIAL-MORE LONG.

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

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