Wednesday, August 17, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Aug17/2022-Wed.

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING ACTIVITY|
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 0.86MMT 
TREND: PRICE: UP OPEN INTEREST: UP-VOLUME:DOWN-(782.6-300.2).
TRADING: DOWN-QUIET-BELOW TREND-SUPPORT@607-CLOSE FLAT-OFFSET.
TARGETS: 582(607-632)657-COMMERCIAL/MORE SHORT-NON COMM/MORE  LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 10.95MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: FLAT-VOLUME-DOWN-(1765-780.4).
TRADING: FLAT-QUIET-DOWNSIDE TREND-CLOSE UP ABOVE SUPPORT@1385-NET BUYING
.   
TARGETS: (1328(1385-1365)1328-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWU22)/DEC: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 11.61MMT.
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: UP-VOLUME: DOWN-(1363.4-386.4).  
TRADING: DOWN-(LOWER DISTINCT HIGH)-ACTIVE-ON TREND-ABOVE 771.
TARGETS: (822-799-771)743 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/GRADUAL-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: FLAT-STEADY-ON TREND-MET RESISTANCE@7786-NET SELLING.
TARGETS: 7876(7787-7699)7611-COMMERCIAL LESS SHORT-NON COMM/MORE LONG. 

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