Thursday, July 21, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul/21-2022-Thurs.


M
ARKETS: 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/SHARP-OPEN INTREST-UP-VOLUME-DOWN-782.6-300.2).
TRADING: DOWN-ESCALATED BELOW TREND-TESTED/CLOSE DOWN@582-SELLING.
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/SHARP-OPEN INTEREST: LOWER-VOLUME-DOWN: FLAT-(1765-780.4).
TRADING: DOWN-ESCALATED BELOW TREND TO ABOVE 1292-CLOSE DOWN-SELLING
.   
TARGETS: (11365(1328-1292)1256-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWU22)/SEP: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 12.15MMT.
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-(1363.4-386.4).  
TRADING: DOWN-STEADY-MOVE UP-TESTED/CLOSE ABOVE 799-NET SELLING.
TARGETS: 851(822-799)771 COMMERCIAL MORE LONG LONG-NON COMM/LESS LONG.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: FLAT-MOVE UP-ESCALATED-MID CHANNEL-BELOW 7787-NET  SELLING.
TARGETS: 7876(7787-7699)7611-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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