Thursday, September 08, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Sep08/2022-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/LESS-OPEN INTEREST:UP-VOLUME-DOWN(782.6-300.2).
TRADING: DOWN-5TH HIGHER LOW-NEAR/ABOVE TREND-@658/SUPPORT- NET BUYING.
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: DOWN/REVERSED-OPEN INTEREST: DOWN-VOLUME-DOWN-(1765-780.4).
TRADING: DOWN-NEAR BELOW TREND-OPEN/CLOSED@1385/MEASURED TARGET-OFFSET.   
TARGETS: (1478(1440-1402)1365-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWU22)/DEC: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 11.61MMT.
TRENDS: PRICE: UP/REVERSED-OPEN INTEREST: FLAT-VOLUME FLAT-(1363.4-386.4).  
TRADING: UP-ON TREND/2ND HIGHER LOW-TESTED 851/RESISTANCE-NET SELLING.
TARGETS: 822(851-881)911 COMMERCIAL FLAT LONG-NON COMM MORE SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/MODERATE-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-2ND LOWER HIGH-7611/SUPPORT-CLOSE UP-NET BUYING.
TARGETS: 7699(7611-7524)7437-COMMERCIAL FLAT SHORT-NON COMM/MORE FLAT. 

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