Tuesday, January 18, 2022

Major Grains-CADUSD-Trends Traded.Targets-Jan18/2022-Tues

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: LOWER-/(302-758.2)
TRADING: UP-STEADY-BELOW TREND-MET RESISTANCE MID(590-614)-NET BUYING. 
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: DOWN-/(1667-791).
TRADING: DOWN-STEADY-BELOW TREND-TESTED CLOSE FLAT ABOVE 1358-OFFSET. 
TARGETS: (1322(1358-1395)1432)-COMMERCIAL FLAT SHORT-NON COMM MORE LONG.

WHEAT (ZWZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 1.70MMT 
TRENDS: PRICE: DOWN WEEKLY-OPEN INTEREST: FLAT-VOLUME: HIGHER-/(387-874.6). 
TRADING: REVERSAL UP-MORE ACTIVITY-TESTING 766@LAST HIGH-CLOSE UP-BUYING.
TARGETS: 794(766-739)712-COMMERCIAL MORE LONG-NON COMM LESS LONG.

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

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