Wednesday, March 16, 2022

Major Grains-CADUSD-Trends.Trading.Targets-MAR16/2022-Wed

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING ACTIVITY
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 4.99MMT
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-(300.2-782.6)
TRADING: MOVE DOWN-MORE ACTIVE-ABOVE TREND-TESTED/CLOSE BELOW 735. 
TARGETS: 708(735-762)790)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 11.78MMT 
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: DOWN-(844-1765.0).
TRADING: UP-STEADY-UPSIDE TREND-TESTED 1666-CLOSE DOWN BELOW-SELLING. 
TARGETS: (1586(1626-1666)1707)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.80MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-(387-1363.4). 
TRADING: DOWN-MORE ACTIVE-ABOVE TREND/1061-CLOSE DOWN-SELLING.
TARGETS: 1192(1158-1061)1029 COMM/NET SHORT-NON COMM/MORE LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: FLAT-VOLUME: DOWN
-(8321-6820)
TRADING: UP-LESS ACTIVE-FLAT CONSOLIDATION-TESTED/CLOSE BELOW 7875-BUYING.
TARGETS: (7700(7787-7875)8053-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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