Thursday, July 28, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul28/2022-Thur.

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: UP/STEEP-OPEN INTREST-UP-VOLUME-DOWN-(782.6-300.2).
TRADING: UP/ESCALATED-ON TREND UP-MET RESISTANCE@MID(607-632)-BUYING.
TARGETS: 582(607-632)658-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 11.06MMT 
TRENDS: PRICE: UP/STEEP-OPEN INTEREST: DOWN-VOLUME-DOWN-(1765-780.4).
TRADING: UP/DEESCALATED-ABOVE TREND UP-TESTED/CLOSE UP@1440-BUYING
.   
TARGETS: (1365(1402-1440)1478-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 UP/SHARP-STEADY-TO TREND/822-CLOSE UP-BUYING.
TARGETS: 851(822-799)771 COMMERCIAL FLAT LONG-NON COMM/FLAT LONG.

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

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