Thursday, April 21, 2022

Major Grains-CADUSD-Trends/Trading/Targets-Apr21/2022-Thur.

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING MOMENTUM
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: UP-OPEN INTEREST: UP-VOLUME: LOWER-(782.6-300.2).
TRADING: FLAT-SUPPORT@TREND/RESISTANCE@808 HELD-STEADY. 
TARGETS: 753(780-808)836)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSN22)/JUL: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 12.15MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: HIGHER-(1765.0-844.0).
TRADING: UP-ABOVE TREND-RESISTANCE MID(1699-1741) HELD-MOMENTUM LOST.   
TARGETS: (1658(1699-1741)1783)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG.

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

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: DOWN-OPEN INTEREST: 
FLAT/UP-VOLUME: HIGHER-(8321-6820).
TRADING: FLAT-ABOVE TREND-SUPPORT@7964 TESTED-MOMENTUM LOST-SELLING.
TARGETS: (8053(7964-7875)7786-COMM/MORE SHORT-NON COMM/MORE LONG. 

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