Friday, August 19, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Aug19/2022-Fri.

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: FLAT-VOLUME:DOWN-(782.6-300.2).
TRADING: UP-ABOVE TREND-RESISTANCE MID(607-632)-BUYING-LESS ACTIVE.
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: FLAT-OFF TREND-TESTED/CLOSE UPSIDE RESISTANCE@1402-QUIET
.   
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 UP-(1363.4-386.4).  
TRADING: FLAT-DOWNSIDE TREND-CLOSE@771/RESISTANCE-LESS 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: DOWN-DOWNSIDE TREND-TESTED/CLOSE@7699/RESISTANCE-STEADY.
TARGETS: 7876(7787-7699)7611-COMMERCIAL MORE SHORT-NON COMM/MORE LONG. 

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