Friday, June 04, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jun04/2021-Fri.

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).
MaTARGETS: PROJECTED PRICE POINTS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ21)(NEW): $0.40/BU LIMIT-WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 2.31 MMT
TRENDS: PRICE: UP/STEEP-OPEN INTEREST: UP-VOL: DOWN-LONG TERM RANGE-(302-758.2)
TRADING: UP-MOVE UP-OFF TREND-TESTED/CLOSED UP ABOVE 581/RESISTANCE-BUYING-STEADY. 
TARGETS: (581 (605-630) 655) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 0.52MMT 
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM(791-1667.4).
TRADING: FLAT-MOVE UP-NEAR TREND/RESISTANCE/1448/CLOSE UP-BUYING-LESS ACTIVE. 
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/SHARP-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM (387-773.0). 
TRADING: FLAT-TREND CONFIRMED-CLOSED UP@688/RESISTANCE-BUYING-LESS ACTIVITY.
TARGETS: (714 (688-661) 635) COMMERCIAL: LESS SHORT-NON COMMERCIAL: MORE LONG.

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

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