Thursday, June 23, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun23/2022-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 
TRENDS: PRICE DOWN/STEEP-OPEN INTEREST-UP-VOLUME-UP-(782.6-300.2)
TRADING: DOWN-BELOW TREND-CLOSE BELOW 658-GAINED MOMENTUM.
TARGETS: 684(658-632)607-COMM/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 13.50MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: UP-VOLUME: UP-(1765-780.4).
TRADING: DOWN-BELOW TREND-CLOSE/LOW-NEAR ABOVE1402-GAINED MOMENTUM
.   
TARGETS: (1478(1440-1402)1365)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

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

TRADING: DOWN-ON TREND-TESTED 973/CLOSE/LOW-ABOVE 942-LOST MOMENTUM.
TARGETS: 1037(1005-973)942 COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT/MONTHLY-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-TESTED/CLOSE BELOW TREND/7699-GAINED MOMENTUM.
TARGETS: 7876(7787-7699)7611-COMMERCIAL/MORE SHORT-NON COMM/NOW LONG. 

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