Friday, July 22, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul22/2022-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/SHARP-OPEN INTREST-UP-VOLUME-UP-(782.6-300.2).
TRADING: STEADY/DOWN-CLOSED BELOW TREND/LAST LOW-ABOVE 558-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: HIGHER-VOLUME-UP: FLAT-(1765-780.4).
TRADING: STEADY/DOWN-ALONG TREND-BELOW LAST LOW-CLOSE UP BELOW 1328-BUYING
.   
TARGETS: (1365(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/SHARP-OPEN INTEREST: HIGHER-VOLUME: DOWN-(1363.4-386.4).  
TRADING: ESCALATED/DOWN-ABOVE REVISED TREND-BELOW LAST LOW/771.
TARGETS: 799(771-743)716 COMMERCIAL FLAT LONG-NON COMM/FLAT LONG.

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

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