Tuesday, July 26, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul26/2022-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/SHARP-OPEN INTREST-UP-VOLUME-DOWN-(782.6-300.2).
TRADING: MOVE/UP/MID(607-582)-BREAKAWAY GAP-ON TREND-DEESCALATED.
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: DOWN-VOLUME-DOWN/FLAT-(1765-780.4).
TRADING: MOVE/UP/MID(1402-1365)-BREAKAWAY GAP-BELOW TREND-DEESCALATED
.   
TARGETS: (1440(1402-1365)1328-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: DOWN-VOLUME: DOWN-(1363.4-386.4).  
TRADING: MOVE FLAT-BELOW TREND-ON SUPPORT@771-DEESCALATED.
TARGETS: 822(799-771)743 COMMERCIAL FLAT LONG-NON COMM/FLAT LONG.

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

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