Tuesday, July 05, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul05/2022-Tue.

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 5.55MMT 
TRENDS: PRICE DOWN/STEEP-OPEN INTEREST-UP-VOLUME-DOWN -(782.6-300.2).
TRADING: DOWN/GAP-BELOW TREND-MID(582-558)-SELLING-ACCELERATED
.
TARGETS: 607(582-558)534-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 13.50MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: FLAT-VOLUME: UP-(1765-780.4).
TRADING: DOWN/GAP-BELOW TREND-TESTED/CLOSE BELOW MID(1328-1292)-STEADY
.   
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/STEEP-OPEN INTEREST: UP-VOLUME: LOWER-(1363.4-386.4).  

TRADING: DOWN-BELOW TREND-CLOSE DOWN BELOW MID(828-799)-DECELERATED.
TARGETS: 851(828-779)771 COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: LOWER-VOLUME: UP/DAY-(8321-6820).
TRADING: BELOW CHANNEL TO MID(7699-7611)/PREVIOUS LOWS-ACCELERATED.
TARGETS: 7787(7699-7611)7524-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG. 

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