Friday, January 21, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jan21/2022-Fri

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/MONTHLY -OPEN INTEREST: DOWN-VOLUME: UP/FLAT-(302-758.2)
TRADING: UP-PENETRATED TREND/614-CLOSE@PREVIOUS HIGH-BUYING-MORE 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: LOWER-VOLUME: FLAT-(1667-791).
TRADING: FLAT-OVERBOUGHT TREND-BELOW HIGH/1432-NET SELLING/LESS ACTIVE. 
TARGETS: (1358(1395-1432)1470)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

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

DOLLAR (D6Z21)/MAR                    
TRENDS: PRICE: DOWN MONTHLY-OPEN INTEREST: FLAT-VOLUME: FLAT
-(8321-6820)
TRADING: DOWN-OVERSOLD TREND PENETRATED/CLOSE BELOW 7964/MORE ACTIVITY.
TARGETS: (7786(7875-7964)8053-COMMERCIAL/NOW SHORT-NON COMM/NOW LONG  

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