Tuesday, March 08, 2022

Major Grains-CAD/USD-Trends.Trading.Targets-Mar08/2022-Tues.

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: DOWN-VOLUME: LOWER-(300.2-782.6)
TRADING: DOWN/STEEP-ABOVE TREND-TESTED SUPPORT@735-CLOSE UP-NET BUYING. 
TARGETS: 708(735-762)790)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 7.18MMT 
TRENDS: PRICE: UP-OPEN INTEREST: FLAT-VOLUME: FLAT-(844-1765.0).
TRADING: FLAT-ESCALATED-MET RESISTANCE@1707-CLOSE UP-NET BUYING
TARGETS: (1586(1626-1707)1749)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 9.71MMT 
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: UP/DAY-(387-1363.4). 
TRADING: UP-ABOVE TREND-ESCALATED-MET RESISTANCE NEAR 1370-NET BUYING.
TARGETS: 1124(1158-1370)1407 COMM/LESS LONG-NON COMM/NOW LONG.

DOLLAR (D6H22)/MAR                    
TRENDS: PRICE: DOWN/WEEKLY-OPEN INTEREST: DOWN-VOLUME:UP
-(8321-6820)
TRADING: DOWN-STEADY-BREAKOUT EX CONSOLIDATION-TESTED/CLOSE BELOW 1787.
TARGETS: (7875(7787-7700)7612-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG  

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