Wednesday, June 23, 2021

Major Grains+CADUSD-Trends-Trading-Targets-June 23/2021-Wed

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING 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-DOWN 2.89 MMT
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME: LOWER-RANGE-(302-758.2)
TRADING: DOWN-ON TREND-RESISTANCE@/CLOSE DOWN BELOW 540-NET SELLING-LESS ACTIVITY. 
TARGETS: (588 (564-540) 517) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.46MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: FLAT-VOLUME: DOWN-RANGE-(791-1667.4).
TRADING: DOWN-PARALLEL TREND-MET SUPPORT@1293-SELLING-LESS ACTIVITY. 
TARGETS: (1366 (1329-1293) 1257) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

WHEAT (ZWU21): LIMIT $0.45/BU WORLD END STOCKS/(LESS CHINA)-20/21-UP 1.64MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME: FLAT-LONG TERM (387-773.0). 
TRADING: FLAT-RESISTANCE@TREND-TESTED SUPPORT/CLOSE ABOVE 661-BUYING-LESS ACTIVE.
TARGETS: (688 (661-635) 610) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: UP/FLAT-VOLUME: DOWN-RANGE-(6809-8301)
TRADING: UP-MOVE UP-OFF TREND-TESTED/CLOSE FLAT BELOW 8145-SELLI
NG-LESS ACTIVITY.
TARGETS: (8236 (8145-8054) 7964) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG  

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