Tuesday, January 11, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Jan11/2022-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-UP 1.58MMT
TRENDS: PRICE: UP MONTHLY-OPEN INTEREST: DOWN-VOLUME: DOWN-/(302-758.2)
TRADING: FLAT ALONG TREND-MID(614-590)-CLOSE UP-@CONVERGENCE LESS ACTIVITY. 
TARGETS: (566(590-614)639)-COMMERCIAL LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSF22)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 2.60MMT 
TRENDS: PRICE: UP MORE-OPEN INTEREST: FLAT-VOLUME: FLAT-/(1667-791).
TRADING: LOWER-MET SUPPORT@TREND-RESISTANCE@1395-BUYING-LESS ACTIVE. 
TARGETS: (1322(1358-1395)1432)-COMMERCIAL FLAT SHORT-NON COMM MORE LONG.

WHEAT (ZWZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 2.23MMT 
TRENDS: PRICE: DOWN WEEKLY-OPEN INTEREST: FLAT-VOLUME: LOWER-/(387-874.6). 
TRADING: UP-MOVE UP-ABOVE TREND-TESTED/CLOSE ABOVE 765-ACTIVITY REDUCED.
TARGETS: 822(793-765)737-COMMERCIAL MORE LONG-NON COMM LESS LONG.

DOLLAR (D6Z21)/MAR                    
TRENDS: PRICE: UP WEEKLY-OPEN INTEREST: LOWER VOLUME: LOWER-/(8321-6820)
TRADING: UP-ABOVE PREVIOUS HIGH-SUPPORT@1785-CLOSE UP-BUYING-MORE ACTIVE.
TARGETS: (7786(7875-7964)8053-COMMERCIAL/MORE LONG-NON COMM/FLAT SHORT  

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