Friday, August 27, 2021

Major Grain+CSDUSD-Trends.Trading Targets-Aug27/2021-Fri.

MARKETS: PRICE-SUPPLY/DEMAND DURING 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): WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.55MMT
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: FLAT-LONG TERM RANGE/(302-758.2)
TRADING: MOVE UP-BELOW TREND-MID(564-540)-CLOSE UP-NET BUYING-ESCALATED. 
TARGETS: (564(540-517)494)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

SOYS (ZSX21): WORLD ENDING STOCKS/(LESS CHINA)-20/21-DOWN 0.34MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: DRIFT UP-VOLUME-DOWN-LONG TERM/(791-1667.4).
TRADING: DOWN-GOOD SUPPORT MID(1329-1293)-CLOSE UP-NET BUYING-ESCALATED. 
TARGETS: (1366(1329-1293)1257)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

WHEAT (ZWZ21)/NEW: WORLD END STOCKS/(LESS CHINA)-20/21-DOWN 11.61MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: DOWN-LONG TERM RANGE/(387-786.4). 
TRADING: UP-CLOSE UP ABOVE TREND/731/PREVIOUS LOWS-BUYING-ESCALATED-POTENTIAL HIGH.
TARGETS: (786(758-731)704)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

DOLLAR (D6U21):                    
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST:DOWN-VOLUME: DOWN-LONG TERM RANGE/(6820-8321)
TRADING: DOWN-ON TREND-MET SUPPORT@7875-CLOSE UP-BUYING STEADY-LOWER HIGH.
TARGETS: (7964(7875-7786)7698)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

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