Friday, June 03, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun'03/2022-Fri.

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 (ZCN22)/JUL: ENDING STOCKS/(LESS CHINA)-22/23-UP 1.76MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: FLAT/MOVE DOWN-ON TREND/SUPPORT@726-LOST MOMENTUM
0TARGETS: 699(726-753)780)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSN22)/JUL: ENDING STOCKS/(LESS CHINA)-22/23-UP 13.56MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST:DOWN-VOLUME: UP/DAYS-(1765-780.4).
TRADING: MOVE FLAT-ABOVE TREND-RESISTANCE@1741-SELLING LOST MOMENTUM.   
TARGETS: (1783(1741-1699)1658)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 12.29MMT.
TRENDS: PRICE: UP./LESS-OPEN INTEREST: LOWER-VOLUME: FLAT (1363.4-386.4).
TRADING: FLAT-SUPPORT@TREND/PREVIOUS LOW/1038 PREVAILS-LOST MOMENTUM.
TARGETS: 1006(1038-1071)1104 -COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/GRADUAL-OPEN INTEREST: DOWN-VOLUME: FLAT-(8321-6820).
TRADING: UP-TESTED RESISTANCE@7964-SELLING-LOST MOMENTUM.
TARGETS: (7786(7874-7964)8053-COMMERCIAL/NOW SHORT-NON COMM/LESS SHORT. 

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