Wednesday, September 01, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Sept01-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): WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.55MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: UP-LONG TERM/(302-758.2)
TRADING: MOVE DOWN-ABOVE TREND-NEAR 517/CRITICAL SUPPORT LINE-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 STEEP TREND-NEXT SUPPORT@1157-SELLING-STEADY-BEARISH. 
TARGETS: (1293(1157-1222)1187)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/FLAT-VOLUME: UP-LONG TERM RANGE/(387-786.4). 
TRADING: DOWN-ON SHARP TREND-SUPPORT NEAR 704-CLOSE DOWN-SELLING-ESCALATED.
TARGETS: (758(731-704)677)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

DOLLAR (D6U21):                    
TRENDS: PRICE: DOWN-OPEN INTEREST:DOWN-FLAT: UP-LONG TERM RANGE/(6820-8321)
TRADING: FLAT-ABOVE TREND-MID(7964-7875)-CLOSE DOWN-NET SELLING-DEESCALATED.
TARGETS: (8053(7964-7875)7786)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

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