Thursday, February 17, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Feb17/2022-Thur.

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: UP/MOVE FLAT-LESS VOLATILITY-HIGHER ABOVE TREND BELOW 656-BUYING. 
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: FLAT-(844-1667.4).
TRADING: UP-LESS VOLATILITY-ON TREND CLOSE UP-MID(1586-1626)-NET BUYING. 
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: LOWER-(387-874.6). 
TRADING: UP/FLAT-MORE VOLATILITY-CLOSER BELOW TREND-MID(787-816)-BUYING.
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: FLAT/MOVE FLAT-LESS VOLATILITY-ON TREND-CLOSE@7875-NET BUYING.
TARGETS: (8053(7964-7875)7786-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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