Wednesday, June 15, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun15/2022-Wed.

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING MOMENTUM
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: MOVE-TREND LINE-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCZ22)/DEC: ENDING STOCKS/(LESS CHINA)-22/23-UP 5.55MMT 
TRENDS: PRICE: UP/WEEKLY-OPEN INTEREST: FLAT-VOLUME: DOWN-(782.6-300.2).
TRADING: UP-RESISTANCE-MID(711-738)-CLOSE FLAT-OFFSET-LOST MOMENTUM.
TARGETS: 684(711-738)765)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 13.50MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: UP-VOLUME: DOWN-(1765-780.4).
TRADING: DOWN-BELOW TREND-ON SUPPORT@1516-CLOSE FLAT-LOST MOMENTUM
.   
TARGETS: (1516(1555-1594)1634)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWU22)/SEP: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 12.15MMT.
TRENDS: PRICE: UP/MORE-OPEN INTEREST: UP-VOLUME: DOWN (1363.4-386.4).  

TRADING: DOWN-HIGHER LOWS-ABOVE TREND-RESISTANCE@1071-LOST MOMENTUM.
TARGETS: 1006(1038-1071)1104-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG.

DOLLAR (D6U22)/SEP                    
TRENDS: PRICE: FLAT/MONTHLY-OPEN INTEREST: UP/FLAT-VOLUME: HIGHER-(8321-6820).
TRADING: DOWN TESTED/CLOSE ABOVE TREND/7699-STEADY MOMENTUM.
TARGETS: 7787(7700-7699)7611-COMMERCIAL/MORE SHORT-NON COMM/LESS SHORT. 

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