Wednesday, June 08, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun08/2022-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 (ZCN22)/JUL: ENDING STOCKS/(LESS CHINA)-22/23-UP 1.76MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: UP-(782.6-300.2).
TRADING: UP-LOST MOMENTUM-ON MINOR TREND-MID(753-780)-SELLING.
0TARGETS: 726(753-780)708)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSN22)/JUL: ENDING STOCKS/(LESS CHINA)-22/23-UP 13.56MMT 
TRENDS: PRICE: UP-OPEN INTEREST:DOWN-VOLUME: UP/DAY-(1765-780.4).
TRADING: UP-LOST MOMENTUM-NOW@MAJOR TREND UP-CLOSE UP @1741-NET BUYING.   
TARGETS: (1658(1699-1741)1783)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 12.29MMT.
TRENDS: PRICE: UP./MORE-OPEN INTEREST: LOWER-VOLUME: FLAT (1363.4-386.4).

TRADING: FLAT-LOST MOMENTUM-BELOW TREND-MET SUPPORT/CLOSE ABOVE 1071.
TARGETS: 1038(1071-1104)1138-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

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

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