Monday, June 07, 2021

Major Grains+CADUSD-Trends.Trading.Targets-June07/2021-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)(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/GAP-PARALLEL TREND-TESTED/CLOSED UP@605/RESISTANCE-NET SELLING-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: DOWN-LONG TERM(791-1667.4).
TRADING: UP-ON/CLOSE UP BELOW TREND-MET RESISTANCE NEAR 1486-SELLING-STEADY. 
TARGETS: (1411 (1448-1486) 1525) 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: UP-TESTED TREND-CLOSED DOWN BELOW 688/SUPPORT-SELLING-MORE 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/JUN EXP-VOLUME: DOWN-LONG RANGE-(6809-8301)
TRADING: UP-MOVE DOWN BELOW TREND-8290/RESISTANCE-CLOSE FLAT-BUYI
NG-LESS ACTIVITY.
TARGETS: (8199-8290) 8381) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG  

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