Tuesday, September 07, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Sept07/2021-Tues.

MARKETS: PRICE-SUPPLY/DEMAND DURING ACTIVITY OF TRADING
TRENDS: JOIN: DISTINCT HIGHER LOWS (UP)-DISTINCT LOWER HIGHS (DOWN).
TRADED: 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: LOWER-VOLUME LOWER-RANGE/(758.2-302)
TRADED: DOWN-ABOVE TREND-BELOW CRITICAL SUPPORT@517-SELLING-ESCALATED. 
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: LOWER-VOLUME-LOWER-RANGE/(1667.4-791).
TRADED: UP-ABOVE TREND-RESISTANCE@1292/CLOSE BELOW-NET SELLING-ESCALATED. 
TARGETS: (1329(1292-1256)1221)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

WHEAT (ZWZ21)/NEW: WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 11.61MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: LOWER-VOLUME: DOWN-RANGE/(786.4-387). 
TRADED: UP-ON/UPSIDE TREND-RESISTANCE@731-CLOSE DOWN BELOW-NET SELLING-STEADY.
TARGETS: (758(731-704)677)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

DOLLAR (D6U21):                    
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT: VOLUME: HIGHER-RANGE/(8321-6820)
TRADED: DOWN-ABOVE TREND/SUPPORT@7875-CLOSE DOWN-SELLING-ESCALATED.
TARGETS: (8053(7964-7875)7786)COMMERCIAL-LESS SHORT/NON COMMERCIAL-NOW SHORT.

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