Monday, January 24, 2022

Major Grains-CAD/USD-Trends.Traded.Targets-Jan24/2022-Mon.

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: HIGH-(302-758.2)
TRADING: UP-TESTED/CLOSE UP ABOVE TREND/614/OLD HIGH-BUYING-LESS ACTIVE. 
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: HIGH-(1667-791).
TRADING: DOWN-ON SUPPORT@TREND-BELOW 1395-NET SELLING/MORE 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: HIGH-(387-874.6). 
TRADING: UP-TESTED SUPPORT@TREND-CLOSE UP ABOVE 794-BUYING-MORE ACTIVE.
TARGETS: 822(794-766)739-COMMERCIAL/LESS LONG-NON COMM/NOW LONG.

DOLLAR (D6Z21)/MAR                    
TRENDS: PRICE: DOWN MONTHLY-OPEN INTEREST: UP-VOLUME: UP
-(8321-6820)
TRADING: DOWN SHARP-BELOW TREND-@SUPPORT@7875-NET SELLING-MORE ACTIVE.
TARGETS: (8053(7964-7875)7786-COMMERCIAL/NOW SHORT-NON COMM/NOW LONG  

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