Wednesday, August 24, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Aug 24/2022-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: 
TRENDS: UP/MORE-OPEN INTEREST:UP-VOLUME-UP-(782.6-300.2).
TRADING:-ON/UPSIDE TREND-@RESISTANCE MID(658-684)-CLOSE FLAT-LESS ACTIVE.
TARGETS: (632(658-684)711-COMMERCIAL MORE SHORT-NON COMMERCIAL MORE LONG.

SOYS (ZSX22)/NOV: ENDING STOCKS/(LESS CHINA)-22/23-UP 10.95MMT 
TRENDS: PRICE: UP/STEEP-OPEN INTEREST: FLAT-VOLUME-UP-(1765-780.4).
TRADING: UP/ABOVE TREND-RESISTANCE HELD@1478-CLOSE DOWN-LESS ACTIVE-SELLING.   
TARGETS: (1402(1440-1478)1516-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWU22)/DEC: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 11.61MMT.
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME FLAT-(1363.4-386.4).  
TRADING: FLAT-MOVE UP-@RESISTANCE MID(799-822)-LESS ACTIVE-BUYING.
TARGETS: 851(822-799)771 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: UP/LESS-VOLUME: DOWN-(8321-6820).
TRADING: FLAT-MET RESISTANCE/CLOSE@CHANNEL LOW/7699-CLOSE UP.
TARGETS: 7787(7699-7611)7524-COMMERCIAL MORE SHORT-NON COMM/MORE LONG. 

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