Tuesday, April 12, 2022

Major Grains-CADUSD-Trends/Trading/Targets-April12/2022-Tues.

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 (ZCN22)/JUL: ENDING STOCKS/(LESS CHINA)-21/22-UP 8.77MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: FLAT-VOLUME: FLAT-(782.6-300.2)
TRADING: MOVE UP-STEADY-ABOVE TREND-MID(753-780)-CLOSE UP-BUYING. 
TARGETS: 808(780-753)626)-COMMERCIL/FLAT SHORT-NON COMM/MORE LONG.

SOYS (ZSN22)/JUL(NEW): ENDING STOCKS/(LESS CHINA)-21/22-DOWN 12.15MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP-(1765.0-844.0).
TRADING: MOVE FLAT-STEADY-BELOW TREND-CLOSE FLAT-BELOW 1666-NET BUYING.   
TARGETS: (1748(1707-1666)1626)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 21/22-DOWN 10.30MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: HIGHER-VOLUME: FLAT (1363-4-386.4).
TRADING: UP/MID FLAT MOVE-STEADY-ABOVE TREND-MID(1138-1071)-CLOSE UP-BUYING.
TARGETS: 1138(1104-1071)1038-NON COMM/MORE SHORT-NON COMM/more LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP-OPEN INTEREST: 
FLAT-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-MET SUPPORT@TOP/FLAT MOVE/7875-CLOSE DOWN-SELLING.
TARGETS: (7787(7964-8053)8143-COMM/MORE SHORT-NON COMM/NOW LONG. 

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