Thursday, March 24, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Mar24/2022-Thur.

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: DOWN-OPEN INTEREST: DOWN-VOLUME: FLAT-(300.2-782.6)
TRADING: DOWN-MOVE FLAT-ON TREND-RESISTANCE@TOP/762-SELLING. 
TARGETS: 790(762-735)708)-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: FLAT-(844-1765.0).
TRADING: FLAT-TOP OF SIDEWAYS CONSOLIDATION AS SUPPORT-CLOSE BELOW 1707  
TARGETS: (1626(1666-1748)1790)-COMMERCIAL/MORE SHORT-NON COMM/FLAT LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA) 21/22-LESS 6-80MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: LOWER-VOLUME: LOWER-(386.4-1363-4)
TRADING: MOVE DOWN-BELOW TOP IN SIDEWAYS CONSOLIDATION/1094-SELLING.
TARGETS: 1158(1124-1061)1029 COMM/flat short-non comm/less Long.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: UP-VOLUME: FLAT
-(8321-6820)
trading: up-out of convergence on trend@7964.
TARGETS: (7700(7787-7964)8053-COMMERCIAL/LESS SHORT-NON COMM/MO

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