Saturday, February 12, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Feb11/2022-Fri.

MARKETS PRICE-SUPPLY/DEMAND-TRADING VOLATILITY
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: MOVE-TREND LINE-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCK22)/MAY(NEW): ENDING STOCKS/(LESS CHINA)-21/22-UP 5.65MMT
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: UP-VOLUME: LOWER-(300.2-776.6)
TRADING: FLAT-ABOVE TREND-TESTED/CLOSE UP-NEAR 656-BUYING-LESS VOLATILITY. 
TARGETS: 600(631-656)682)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSK22)/MAY(NEW): ENDING STOCKS/(LESS CHINA)-21/22-DOWN 7.18MMT 
TRENDS: PRICE: UP/YEARLY-OPEN INTEREST: UP-VOLUME: LOWER-(844-1667.4).
TRADING: FLAT-MET TREND RESISTANCE-CLOSE UP@1586-NET BUYING-QUIET. 
TARGETS: (1547(1586-1626)1666)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWK22)/MAY(NEW): ENDING STOCKS/(LESS CHINA)-21/22-DOWN 9.71MMT 
TRENDS: PRICE: DOWN LESS-OPEN INTEREST: UP/SHARP-VOLUME: LOWER-(387-874.6). 
TRADING: FLAT-BELOW REVISED TREND/816-CLOSE UP-BUYING-HIGH VOLATILITY.
TARGETS: 816(787-759)731-COMMERCIAL/FLAT LONG-NON COMM/NOW SHORT.

DOLLAR (D6H22)/MAR                    
TRENDS: PRICE: UP/WEEKLY-OPEN INTEREST: LOWER-VOLUME: HIGHER
-(8321-6820)
TRADING:  FLAT-ON TREND SUPPORT-TESTED/CLOSE BELOW 7875-SELLING-STEADY.
TARGETS: (8053(7964-7875)7786-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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