Thursday, September 09, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Sept09/2021

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: DOWN-VOLUME: DOWN-RANGE/(758.2-302)
TRADED: DOWN-OFF TREND-NO BREAKOUT BELOW 517-CLOSE FLAT-BUYING-DEESCALATED. 
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: DOWN-VOLUME: LOWER-RANGE/(1667.4-791).
TRADED: DOWN-ON SUPPORT@TREND-ABOVE 1256-CLOSE DOWN-SELLING-DEESCALATED. 
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: FLAT-VOLUME: UP-RANGE/(786.4-387). 
TRADED: DOWN-ON/UPSIDE TREND-SUPPORT-MID(RANGE)-CLOSE DOWN-SELLING-ESCALATED.
TARGETS: (731(704-677)651)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

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

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