Friday, September 09, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Sept09/2022-Fri.

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: UP ABOVE TREND 684/RESISTANCE-4TH HIGHER LOW-BUYING-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: DOWN-OPEN INTEREST: FLAT-VOLUME-DOWN-(1765-780.4).
TRADING: UP ON TREND-TESTED/CLOSE ABOVE 1402=NET BUYING-MORE ACTIVE.   
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-OPEN INTEREST: FLAT-VOLUME LOWER-(1363.4-386.4).  
TRADING: UP ON TREND-TESTED LAST HIGH BELOW 881-BUYING-MORE ACTIVE.
TARGETS: 822(851-8810)911 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: MOVE UP ON TREND-TESTED 7699/RESISTANCE-NET BUYING-ACTIVE.
TARGETS: 7699(7611-7524)7437-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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