Sunday, July 17, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul15/2022-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 6.68MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTREST-DOWN-VOLUME-DOWN782.6-300.2).
TRADING: UP-ABOVE TREND-MET RESISTANCE@607-OFFSET SELLING-DECELERATION
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: VOLUME-DOWN: FLAT-(1765-780.4).
TRADING: FLAT-ASIDE TREND-MID((1365-1328)-NET SELLING-CLOSE DOWN-DECELERATED 
.   
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: DOWN-VOLUME: DOWN-(1363.4-386.4).  
TRADING: DOWN-TESTED/CLOSE DOWN ON TREND ABOVE 771-DECELERATED.
TARGETS: 851(828-799)771 COMMERCIAL MORE LONG LONG-NON COMM/LESS LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: UP-VOLUME: UP/DAY-(8321-6820).
TRADING: FLAT-BELOW CHANNEL-MET SUPPORT@7611-BUYING-DECELERATED.
TARGETS: 7876(7787-7699)7611-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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