Thursday, January 27, 2022

Major Grains-CADUSD-Trends.Trading.Targets.Jan27/2022-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/MONTHLY -OPEN INTEREST: DOWN-VOLUME: DOWN-(302-758.2)
TRADING: FLAT-ON TREND-MEETING RESISTANCE MID(614-639)-CLOSE FLAT-NET BUYING. 
TARGETS: 590(614-639)664)-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: UP/SHARP-ABOVE TREND-RESISTANCE-MID(1432-1470)-NET BUYING. 
TARGETS: (1395(1432-1470)1508)-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: LOWER-VOLUME: LOWER-(387-874.6). 
TRADING: MOVE DOWN-BACK ON TREND-ABOVE-MID(794-766)-SELLING-LESS ACTIVE.
TARGETS: 822(794-766)739-COMMERCIAL/LESS LONG-NON COMM/NOW LONG.

DOLLAR (D6Z21)/MAR                    
TRENDS: PRICE: UP WEEKLY-OPEN INTEREST: FLAT-VOLUME: UP
-(8321-6820)
TRADING: DOWN-DOWNSIDE TREND-TESTED SUPPORT@7875-SELLING-LESS ACTIVE.
TARGETS: (8053(7964-7875)7786-COMMERCIAL/NOW SHORT-NON COMM/NOW LONG  

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