Monday, August 29, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Aug29/2022-Mon.

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:  UP/MIDWAY GAP-ON TREND AS SUPPORT-MET RESISTANCE@684-STEADY.
TARGETS: (607(632-658)684-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-DOWN-(1765-780.4).
TRADING: FLAT/ON TREND-TESTED/CLOSE DOWN NEAR SUPPORT@1440-LESS ACTIVE.   
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: FLAT-VOLUME UP-(1363.4-386.4).  
TRADING: UP/TO RESISTANCE@851-CLOSE UP-BUYING-DISTINCT HIGHER LOW.
TARGETS: 881(851-822)799 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: FLAT-VOLUME: DOWN-(8321-6820).
TRADING: DOWN/BELOW TREND-@PREVIOUS LOW-MID(7699-7611)-BUYING.
TARGETS: 7787(7699-7611)7524-COMMERCIAL MORE SHORT-NON COMM/MORE LONG. 

No comments:

Google+