Monday, August 01, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Aug01/2022-Mon.

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/MODERATE-OPEN INTREST-UP-VOL-DOWN-(782.6-300.2).
TRADING: DOWN MET RESISTANCE@PREVIOUS HIGH-ON TREND-CLOSE@607.
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-FLAT-(1765-780.4).
TRADING: DOWN-MET RESISTANCE@1478-ESCALATED ON TREND-TESTED 1402
.   
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: UP-VOLUME: DOWN-(1363.4-386.4).  
TRADING: DOWN-MET RESISTANCE BELOW 822-CLOSE BELOW TREND@799.
TARGETS: 851(822-799)771 COMMERCIAL MORE LONG-NON COMM/LESS LONG.

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

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