Monday, March 21, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Mar21/2022-Mon

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: UP@TOP/MOVE FLAT-TESTED762/PREVIOUS HIGHS-NET BUYERS. 
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@TOP/MOVE FLAT-TESTED 1707/PREVIOUS HIGHS-ABOVE TREND-NET BUYERS.  
TARGETS: (1626(1666-1707)1748)-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: UP-ON/UPSIDE TREND-TESTED/CLOSE BELOW 1124-NET BUYERS.
TARGETS: 1192(1158-1061)1029 COMM/flat short-non comm/less Long.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: UP-VOLUME: DOWN
-(8321-6820)
trading: up-near 7964-on trend-less active-new high.
TARGETS: (7700(7787-7964)8053-COMMERCIAL/LESS SHORT-NON COMM/MORE LONG  

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