Thursday, June 10, 2021

Major Grains+CADUSD-Trends.Trading.Targets-Jun10/2021-Thur.

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: UP/SHARP-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM-(302-758.2)
TRADING: UP ON SUPPORT@TREND-MET RESISTANCE@630-CLOSE UP-SELLING-STEADY ACTIVITY. 
TARGETS: (581 (605-630) 655) COMMERCIAL: MORE SHORT-NON COMMERCIAL: MORE LONG.

SOYS (ZSX21): $1.00/BU LIMIT-WORLD ENDING STOCKS/(LESS CHINA)-20/21-UP 1.46MMT 
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM(791-1667.4).
TRADING: UP-PARALLEL TREND-RESISTANCE MID(1448-1486)-NET BUYING-LESS ACTIVITY. 
TARGETS: (1411 (1448-1486) 1525) 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/LESS-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM (387-773.0). 
TRADING: FLAT-BELOW/PARALLEL TO TREND-CLOSE FLAT@688-NET BUYING-STEADY ACTIVITY.
TARGETS: (714 (688-661) 635) COMMERCIAL: LESS SHORT-NON COMMERCIAL: MORE LONG.

DOLLAR (D6U21): DAY LIMIT $4.00                   
TRENDS: PRICE: DOWN-OPEN INTEREST:UP-VOLUME: UP-LONG TERM-(6809-8301)
TRADING: DOWN-ON TREND-TESTED/CLOSE UP ABOVE TREND/8236-BUYI
NG-MORE ACTIVITY.
TARGETS: (8145-8054) 7964) COMMERCIAL: MORE SHORT-NON COMM: MORE LONG  

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