Friday, July 08, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jul08/2022-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 5.55MMT 
TRENDS: PRICE DOWN/STEEP-OPEN INTEREST-UP-VOLUME-DOWN -(782.6-300.2).
TRADING: MOVE UP-ON TREND-CLOSE UP-TESTED-MID(607-632)-ACCELERATED.

TARGETS: 658(632-607)582-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: FLAT-(1765-780.4).
TRADING: MOVE UP-ON TREND-CLOSE UP NEAR 1402-BUYING-DECELERATED
.   
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/STEEP-OPEN INTEREST: FLAT-VOLUME: DOWN-(1363.4-386.4).  

TRADING: MOVE UP-ON TREND-TESTED/CLOSE UP ABOVE 881-BUYING-ACCELERATED.
TARGETS: 911(881-851)828 COMMERCIAL NOW LONG-NON COMM/FLAT LONG.

DOLLAR (D6U22)/SEP                 
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: MOVE UP-TESTED/CLOSE ABOVE CHANNEL BOTTOM/7699-DECELERATED.
TARGETS: 7787(7699-7611)7524-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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