Thursday, January 20, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jan20/2022-Thur.

MARKETS PRICE-SUPPLY/DEMAND DURING TRADING ACTIVITY
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: DIRECTION-MOMENTUM-TREND LINE-TARGET-CLOSE.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 2.48MMT
TRENDS: PRICE: UP -OPEN INTEREST: UP/DAY-VOLUME: LESS HIGH-(302-758.2)
TRADING: UP-ON TREND@RESISTANCE@614/PREVIOUS HIGH-CLOSE FLAT-LESS ACTIVITY. 
TARGETS: (566(590-614)639)-COMMERCIAL LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSF22)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.80MMT 
TRENDS: PRICE: UP MORE-OPEN INTEREST: UP/DAY-VOLUME: HIGH-/(1667-791).
TRADING: UP-ON/UPSIDE TREND-HIGH DOWNSIDE 1432-BUYING-MORE ACTIVITY. 
TARGETS: (1358(1395-1432)1470)-COMMERCIAL FLAT SHORT-NON COMM MORE LONG.

WHEAT (ZWZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 1.70MMT 
TRENDS: PRICE: DOWN LESS-OPEN INTEREST: FLAT-VOLUME: LESS HIGH-(387-874.6). 
TRADING: UP-ON TREND-TESTED/CLOSE DOWN BELOW 794-SELLING-LESS ACTIVITY.
TARGETS: 822(794-766)739-COMMERCIAL MORE LONG-NON COMM LESS LONG.

DOLLAR (D6Z21)/MAR                    
TRENDS: PRICE: DOWN MONTHLY-OPEN INTEREST: DOWN-VOLUME: DOWN
-(8321-6820)
TRADING: FLAT-DOWNSIDE RESISTANCE@REVISED TREND-BELOW 8053-LESS ACTIVITY.
TARGETS: (7786(7875-7964)8053-COMMERCIAL/MORE LONG-NON COMM/FLAT SHORT  

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