Friday, March 18, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Mar18/2022-Fri.

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: FLAT-SELLING-LESS ACTIVE-CONSOLIDATING ON SUPPORT@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: DRIFT LOWER-VOLUME: DOWN-(844-1765.0).
TRADING: UP-IN OFFSET-MORE ACTIVE-UPSIDE TREND-TESTED/CLOSE FLAT NEAR 1666.  
TARGETS: (1586(1626-1666)1707)-COMMERCIAL/MORE SHORT-NON COMM/FLAT LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.80MMT 
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: LOWER-VOLUME: DOWN-(387-1363.4). 
TRADING: FLAT/MOVE DOWN-SELLING-ON TREND-TESTED/CLOSE@1061 AS SUPPORT.
TARGETS: 1124(1094-1061)1029 COMM/FLAT SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: FLAT-VOLUME: DOWN
-(8321-6820)
Trading: up-more active-test of top of consolidation on 7875.
TARGETS: (7700(7787-7875)8053-COMMERCIAL/LESS SHORT-NON COMM/MORE LONG  

No comments:

Google+