Thursday, February 24, 2022

Major Grains-CADUSD-Trends.Trading.Targets.Feb24/2022-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: ENDING STOCKS/(LESS CHINA)-21/22-UP 5.65MMT
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: UP-VOLUME: UP-(300.2-776.6)
TRADING: UP-MORE VOLATILITY-ABOVE TREND-TESTED/CLOSE BELOW 708-NET BUYING. 
TARGETS: 631(656-682)708)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 7.18MMT 
TRENDS: PRICE: UP/YEARLY-OPEN INTEREST: UP-VOLUME: UP-(844-1765.0).
TRADING: UP-MORE VOLATILITY-ABOVE TREND-TESTED 1748-CLOSE BELOW/1666. 
TARGETS: (1626(1666-1707)1748)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 9.71MMT 
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP-VOLUME: HIGHER-(387-935.0). 
TRADING: UP-LESS VOLATILITY-ABOVE TREND-RESISTANCE/CLOSE UP@935-BUYING.
TARGETS: 875(905-935)966-COMMERCIAL/FLAT LONG-NON COMM/FLAT SHORT.

DOLLAR (D6H22)/MAR                    
TRENDS: PRICE: DOWN/WEEKLY-OPEN INTEREST: LOWER -VOLUME: UP
-(8321-6820)
TRADING: LOWER-MORE VOLATILITY-ON TREND-TESTED 7787-CLOSE DOWN-SELLING.
TARGETS: (7964(7875-7787)7700-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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