Tuesday, August 31, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Aug31/2021-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): WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.55MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP-LONG TERM RANGE/(302-758.2)
TRADING: DOWN-ABOVE LOWER TREND-TESTED/CLOSE BELOW 540-NET SELLING-STEADY. 
TARGETS: (564(540-517)494)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

SOYS (ZSX21): WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 0.34MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME-UP-LONG TERM/(791-1667.4).
TRADING: DOWN-ON TREND-TESTED/CLOSE DOWN@1293-NET SELLING-DEESCALATED. 
TARGETS: (1366(1329-1293)1257)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

WHEAT (ZWZ21)/NEW: WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 11.61MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: HIGHER-LONG TERM RANGE/(387-786.4). 
TRADING: DOWN/STEEP-BELOW TREND-MET SUPPORT@704-CLOSE FLAT-BUYING-DEESCALATED.
TARGETS: (758(731-704)677)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

DOLLAR (D6U21):                    
TRENDS: PRICE: DOWN-OPEN INTEREST:DOWN-VOLUME: DOWN-LONG TERM RANGE/(6820-8321)
TRADING: FLAT-ABOVE TREND-NEAR RESISTANCE@7964-CLOSE FLAT-NET BUYING-ESCALATED.
TARGETS: (8053(7964-7875)7786)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

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