Wednesday, June 29, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun29/2022-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 DOWN/STEEP-OPEN INTEREST-UP-VOLUME-DOWN-(782.6-300.2)
TRADING: DOWN-ON TREND-CLOSE BELOW 658-SELLING-LOST MOMENTUM.
TARGETS: 711(684-658)632-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 13.50MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: UP-VOLUME: DOWN-(1765-780.4).
TRADING: UP-ON TREND-TESTED/CLOSE UP@1478-NET BUYING-MOMENTUM STEADY
.   
TARGETS: (1516(1478-1440)1402-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

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

TRADING: UP-OFF TREND-TESTED/CLOSE BELOW 942-SELLING-MOMENTUM STEADY.
TARGETS: 973(942-911)881 COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: UP-VOLUME: FLAT-(8321-6820).
TRADING: CLOSE DOWN-MID CHANNEL-MET RESISTANCE@7787-LOST MOMENTUM.
TARGETS: 7876(7787-7699)7611-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG. 

No comments:

Google+