Tuesday, August 02, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Aug02/2022-Tues.

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: MOVE DOWN-TESTED/CLOSE BELOW TREND-MID(607-582)-QUIET.
TARGETS: 558(582-607)632-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-DOWN-(1765-780.4).
TRADING: MOVE DOWN-TESTED/CLOSE BELOW TREND-MID(1402-1365)-QUIET-SELLING
.   
TARGETS: (1328(1365-1402)1440-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: DOWN-VOLUME: FLAT-(1363.4-386.4).  
TRADING: DOWN-BELOW TREND-INSIDE(799-771)-QUIET-SELLING.
TARGETS: 822(799-771)743 COMMERCIAL MORE LONG-NON COMM/LESS LONG.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: FLAT CHANNEL-OPEN INTEREST: FLAT-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-MID CHANNEL-TESTED/CLOSE BELOW SUPPORT@7787.
TARGETS: 7876(7787-7699)7611-COMMERCIAL MORE SHORT-NON COMM/MORE LONG. 

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