Thursday, September 01, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Sept/01-Thur.

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-BELOW TREND-TESTED SUPPORT/CLOSE@658-SELLING STEADY.
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: DOWN/-TESTED TREND/1402-CLOSE DOWN ABOVE 1402-NET SELLING 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: TESTED/CLOSE DOWN BELOW TREND/799-SELLING-MORE ACTIVE.
TARGETS: 851(822-799)771 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: DOWN/DAY-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-ON TREND/REVISED-TESTED/CLOSE BELOW 7611-SELLING.
TARGETS: 7699(7611-7524)7437-COMMERCIAL MORE SHORT-NON COMM/MORE LONG. 

No comments:

Google+