Tuesday, March 01, 2022

Major Grains-CADUSD-Trends,Trading.Targets-Mar01/2022-Tues

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: UP/LESS-VOLUME: LOWER-(300.2-776.6)
TRADING: UP/GAP-MORE VOLATILITY-ABOVE TREND-RESISTANCE-MID(708-735)-BUYING. 
TARGETS: 682(708-735)762)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 7.18MMT 
TRENDS: PRICE: UP/YEARLY-OPEN INTEREST: FLAT-VOLUME: DOWN-(844-1765.0).
TRADING: UP-MORE VOLATILITY-ABOVE TREND-CLOSE UP-NEAR 1707-BUYING
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-OPEN INTEREST: UP/LESS-VOLUME: LOWER-(387-984.0). 
TRADING: UP-MORE VOLATILITY-ABOVE TREND-RESISTANCE-MID(966-997)-BUYING.
TARGETS: 935(966-997)1029-COMMERCIAL/FLAT LONG-NON COMM/FLAT SHORT.

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

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