Wednesday, June 02, 2021

Major Grains+CADUSD-Trends.Traded.Targets-June02/2021-Wed

MARKETS: PRICE-SUPPLY/DEMAND DURING PREVAILING 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 (ZCN21): $0.40/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 2.31 MMT
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM(302-758.2)
TRADED: FLAT-OFF TREND-TESTED/CLOSE BELOW 681-NET SELLING-LESS ACTIVITY-POTENTIAL TOP. 
TARGETS: (708 (681-655) 630) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

SOYS (ZSX21)(NEW): $1.00/BU LIMIT-WORLD STOCKS/(LESS CHINA)-20/21-DOWN 0.52MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE(791-1667.4).
TRADED: FLAT-TESTED/CLOSED UP ABOVE 1411-BUYING-LESS ACTIVITY-POTENTIAL TOP. 
TARGETS: (1374 (1411-1448) 1486) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

WHEAT (ZWN21): LIMIT $0.45/BU WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN-0.85MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM (387-773.0). 
TRADED: FLAT-MOVE UP-OFF TREND-TESTED/CLOSE DOWN@688-NET BUYING-LESS ACTIVITY.
TARGETS: (714 (688-661) 635) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG.

DOLLAR (D6M21)(JUNE): DAY LIMIT $4.00                   
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE-(6809-8301)
TRADED: FLAT-MOVE UP-BELOW TREND-TESTED/CLOSE UP ABOVE 8290-BUYI
NG-LESS ACTIVITY.
TARGETS: (8199-8290) 8381) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG  

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