Wednesday, July 13, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul13/2022-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 (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-ABOVE TREND-RESISTANCE@607-SUPPORT@582-NET BUYING.
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: FLAT-(1765-780.4).
TRADING: DOWN-ON TREND-MET RESISTANCE@1365-TESTED SUPPORT@1328-NET BUYING 
.   
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: LOWER-VOLUME: FLAT-(1363.4-386.4).  
TRADING: DOWN-ON TREND-CLOSE MID(828-799)-FLAT-OFFSET-DECELERATED.
TARGETS: 851(828-799)771 COMMERCIAL NOW LONG-NON COMM/FLAT LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: UP-VOLUME: UP/DAY-(8321-6820).
TRADING: MOVE FLAT-TESTED/CLOSE ABOVE 7699 ON BOTTOM-ACCELERATED.
TARGETS: 7876(7787-7699)7611-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

No comments:

Google+