Friday, March 04, 2022

Major Grains-CAD USD-Trends.Trading.Targets-Mar04/2022-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: ENDING STOCKS/(LESS CHINA)-21/22-UP 5.65MMT
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: HIGHER-(300.2-782.6)
TRADING: UP/STEEP-ESCALATED-ABOVE TREND-BELOW RESISTANCE@790-CLOSE FLAT. 
TARGETS: 708(735-762)790)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 7.18MMT 
TRENDS: PRICE: UP-OPEN INTEREST: FLAT-VOLUME: LOWER/FLAT-(844-1765.0).
TRADING: DOWN-ESCALATED-UPSIDE TREND/1626-CLOSE FLAT-NET SELLING
TARGETS: (1586(1626-1666)1707)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 9.71MMT 
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: DOWN/DAY-(387-1209.0). 
TRADING: UP/LIMIT-STEADY-ABOVE TREND-TRADED UP/CLOSE UP@1209 ALL SESSION.
TARGETS: 1124(1158-1192)1227 COMM/LESS LONG-NON COMM/NOW LONG.

DOLLAR (D6H22)/MAR                    
TRENDS: PRICE: DOWN/WEEKLY-OPEN INTEREST: LOWER-VOLUME:DOWN
-(8321-6820)
TRADING: DOWN-IN FLAT CONSOLIDATION-ESCALATED-SUPPORT@BOTTOM-ABOVE 7787.
TARGETS: (7964(7875-7787)7700-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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