Tuesday, July 12, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul12/2022-Tues.

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 6.68MMT 
TRENDS: PRICE DOWN/STEEP-OPEN INTEREST-UP-VOLUME-LOWER-(782.6-300.2).
TRADING: DOWN-MET SUPPORT@TREND/582-CLOSE DOWN-DECELERATED.

TARGETS: 632(607-582)558-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 11.06MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: DOWN-VOLUME: HIGHER-(1765-780.4).
TRADING: DOWN-MET SUPPORT@TREND ABOVE 1328-CLOSE DOWN-ACCELERATED
.   
TARGETS: (1402(1365-1328)1292-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: FLAT-VOLUME: FLAT-(1363.4-386.4).  

TRADING: DOWN-ON TREND-TESTED/CLOSE DOWN BELOW 828-SELLING DECELERATED.
TARGETS: 851(828-799)771 COMMERCIAL NOW LONG-NON COMM/FLAT LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-ON TREND-7699 AS RESISTANCE/CLOSE-DECELERATED.
TARGETS: 7876(7787-7699)7611-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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