Wednesday, February 16, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Feb16/2022-Wed.

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: DOWN-(300.2-776.6)
TRADING: MOVE FLAT-CLOSER ABOVE TREND/631-CLOSE UP-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: DOWN-(844-1667.4).
TRADING: UP-BELOW TREND-TESTED/CLOSE UP ABOVE 1586-MORE VOLATILITY. 
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-VOLUME: DOWN-(387-874.6). 
TRADING: FLAT-BELOW TREND-TESTED/CLOSE BELOW 787-OFFSET-LESS VOLATILITY.
TARGETS: 816(787-759)731-COMMERCIAL/FLAT LONG-NON COMM/NOW SHORT.

DOLLAR (D6H22)/MAR                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: LOWER -VOLUME: DOWN
-(8321-6820)
TRADING: UP-TESTED/CLOSE ABOVE TREND/7875-NET BUYING-MORE VOLATILITY.
TARGETS: (8053(7964-7875)7786-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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