Tuesday, June 29, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jun29/2021-Tues.

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: DOWN-LONG TERM-(302-758.2)
TRADING: MOVE UP-TREND AS RESISTANCE BELOW 564-CLOSE FLAT-NET SELLING-LESS ACTIVITY. 
TARGETS: (588(564-540)517) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG/NET.

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-OFF TREND-DOUBLE RESISTANCE@1329-CLOSE FLAT-BUYING-LESS ACTIVITY. 
TARGETS: (1366(1329-1293)1257) COMMERCIAL: LESS SHORT-NON COMMERCIAL: LESS LONG/NET.

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

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

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