Friday, July 01, 2022

Major Grains-CADUSD-Trends-Trading-Targets-July01/2022-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 (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-BELOW TREND TO 607-DECELERATED-SELLING-CLOSE DOWN
.
TARGETS: 658(632-607)582-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: FLAT-VOLUME: HIGHER-(1765-780.4).
TRADING: TESTED/CLOSE BELOW TREND/1402/LAST DISTINCT LOW-ACCELERATED
.   
TARGETS: (1478(1440-1402)1365-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: UP-(1363.4-386.4).  

TRADING: TESTED/CLOSE BELOW TREND/851-STEADY ACCELERATION-SELLING.
TARGETS: 881(851-828)799 COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: LOWER-VOLUME: FLAT-(8321-6820).
TRADING: ON SUPPORT@CHANNEL BOTTOM-BELOW RESISTANCE@7787.
TARGETS: 7876(7787-7699)7611-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG. 

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