Thursday, June 09, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun09/2022-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 (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-GAINED MOMENTUM-ON TREND-TESTED/CLOSE BELOW 780.
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-(1765-780.4).
TRADING: UP-GAINED MOMENTUM-ON TREND-MET RESISTANCE@/CLOSE BELOW 1783.   
TARGETS: (1699(1741-1783)1825)-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: MOVE DOWN-GAINED MOMENTUM-ABOVE SUPPORT@TREND/1038-BUYING
TARGETS: 1006(1038-1071)1104-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: DOWN-VOLUME: UP-(8321-6820).
TRADING: DOWN-GAINED MOMENTUM-MET SUPPORT@7874-ON SELLING.
TARGETS: (8053(7964-7874)7786-COMMERCIAL/NOW SHORT-NON COMM/LESS SHORT. 

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