Thursday, August 18, 2022

Major Grains-CADUSD-Trends-Trading-Targets-AUG18/2022-Thur.

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/LESS-OPEN INTEREST: UP-VOLUME:DOWN-(782.6-300.2).
TRADING: FLAT-ON TREND-MET SUPPORT@607-CLOSE UP-QUIET-NET BUYING.
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: LOWER-VOLUME-DOWN-(1765-780.4).
TRADING: UP-TESTED SUPPORT@TREND/RESISTANCE@1402-CLOSE UP-ACTIVE-BUYING
.   
TARGETS: (1440(1402-1365)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: DOWN-VOLUME FLAT-(1363.4-386.4).  
TRADING: DOWN-BELOW TREND-MET SUPPORT@743-CLOSE DOWN-ACTIVE.
TARGETS: 799(771-743)716 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/GRADUAL-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: MOVE DOWN-BELOW TREND-7699 AS SUPPORT-CLOSE DOWN.
TARGETS: 7876(7787-7699)7611-COMMERCIAL LESS SHORT-NON COMM/MORE LONG. 

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