Wednesday, August 31, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Aug31/2022-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-DOWN-(782.6-300.2).
TRADING:  DOWN-TESTED/CLOSE BELOW TREND-INSIDE(658-684)-NET SELLING-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/LESS-OPEN INTEREST: UP-VOLUME-DOWN-(1765-780.4).
TRADING: UP-ON TREND/SUPPORT-1440/RESISTANCE-CLOSE DOWN-NET SELLING-LESS ACTIVE.   
TARGETS: (1365(1402-1440)1478-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 DOWN-(1363.4-386.4).  
TRADING: DOWN-ON/CLOSE UP ABOVE TREND-822/RESISTANCE-BUYING-STEADY.
TARGETS: 881(851-822)799 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: DOWN BELOW REVISED TREND-ON 7611/SUPPORT-SELLING-LESS ACTIVE.
TARGETS: 7787(7699-7611)7524-COMMERCIAL MORE SHORT-NON COMM/MORE LONG. 

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