Thursday, June 16, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun16/2022-Thur.

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 
TRADING: P[RICE UP-OPEN INTEREST-HIGHER-VOLUME-DOWN-(782.6-300.2)
TRENDS: UP-TESTED TREND@738-CLOSE UP-BUYING-GAINED 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/LESS-VOLUME: DOWN-(1765-780.4).
TRADING: MOVE UP-ON TREND BELOW 1555-CLOSE UP-NET BUYING-GAINED MOMENTUM
.   
TARGETS: (1478(1516-1555)1594)-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/FLAT-VOLUME: DOWN (1363.4-386.4).  

TRADING: UP ABOVE TREND-BELOW 1104-CLOSE UP-BUYING-GAINED MOMENTUM.
TARGETS: 1038(1071-1104)1138 COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG.

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

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