Friday, August 06, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Aug06/2021-Fri.

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-UP 1.77 MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP-LONG TERM(302-758.2)
TRADING: UP-MOVE UP-OFF TREND-NEAR 564-CLOSE UP-STEADY-TESTED PREVIOUS HIGHS. 
TARGETS: (588(564-540)517)COMMERCIAL-MORE NET SHORT/NON COMMERCIAL-MORE NET LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 4.93MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME-DOWN-LONG TERM(791-1667.4).
TRADING: MOVE UP-TESTED RESISTANCE@TREND-CLOSE ABOVE 1329-BUYING-LESS ACTIVE. 
TARGETS: (1403(1366-1329)1293)COMMERCIAL-LESS NET SHORT/NON COMMERCIAL-LESS NET LONG.

WHEAT (ZWZ21)/NEW: LIMIT $0.45/BU WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 5.12FMMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: FLAT-LONG TERM(387-773.0). 
TRADING: FLAT-UPSIDE TREND-BELOW DISTINCT HIGH/742-CLOSE UP-NET BUYING-LESS ACTIVE.
TARGETS: (688(714-742)769)COMMERCIAL-MORE NET SHORT/NON COMMERCIAL-MORE NET LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: UP/NEW-OPEN INTEREST: DOWN/LESS-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: DOWN-MOVE FLAT-OFF TREND-MORE SUPPORT@7964-CLOSE DOWN-SELLING
-MORE ACTIVE.
TARGETS: (8054(7964-7875)7786)COMMERCIAL-FLAT NET SHORT/NON COMMERCIAL-FLAT NET LONG. 

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