Monday, June 28, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jun28/2021-Mon

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-OPEN INTEREST: FLAT-VOLUME: DOWN-LONG TERM-(302-758.2)
TRADING: UP-UPSIDE TREND-SUPPORT@517-CLOSE UP ABOVE 540-BUYING-INCREASED ACTIVITY. 
TARGETS: (564 (540-517) 494) 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/SHARP-OPEN INTEREST: UP-VOLUME: DOWN-RANGE-(791-1667.4).
TRADING: UP-UPSIDE TREND-BELOW RESISTANCE@1329-CLOSE UP-BUYING-MORE 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: HIGHER-VOLUME: FLAT-LONG TERM RANGE (387-773.0). 
TRADING: UP-RESISTANCE@TREND/661-CLOSE UP-NET BUYING-STEADY ACTIVITY.
TARGETS: (688(661-635)610) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-LONG TERM-(6809-8301)
TRADING: DOWN-BELOW TREND-SUPPORT MID(8145-8054)-CLOSE DOWN-SELLI
NG-LESS ACTIVITY.
TARGETS: (8236 (8145-8054) 7964) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG  

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