Wednesday, March 09, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Mar09/2022-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 4.99MMT
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-(300.2-782.6)
TRADING: FLAT-STEADY-ABOVE TREND-TESTED/CLOSE DOWNSIDE 735-SELLING. 
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: LOWER-VOLUME: FLAT-(844-1765.0).
TRADING: UP-STEADY-ABOVE TREND-TESTED 1707-CLOSE DOWN UPSIDE 1666
TARGETS: (1626(1666-1707)1749)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.80MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-(387-1363.4). 
TRADING: FLAT-DEESCALATED-TESTED TREND/CLOSE BELOW-ABOVE 1192-SELLING.
TARGETS: 1158(1192-1298)1334 COMM/LESS LONG-NON COMM/NOW LONG.

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

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