Wednesday, March 02, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Mar02/2022-Wed

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: HIGHER-(300.2-776.6)
TRADING: UP/STEEP-STEADY-ABOVE TREND-TESTED/CLOSE BELOW 735-NET 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-OPEN INTEREST: LOWER-VOLUME: LOWER-(844-1765.0).
TRADING: FLAT-LESS VOLATILITY-ABOVE TREND-CLOSE DOWN-NEAR 1666-SELLING
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-(387-1134.0). 
TRADING: MOVE UP/STEEP-STEADY-ABOVE TREND-RESISTANCE/CLOSE@1061-BUYING.
TARGETS: 1061(1094-1124)1158-COMM/FLAT LONG-NON COMM/FLAT SHORT.

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

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