Tuesday, April 05, 2022

Major Grains-CADUSD-Trends/Trading/Targets-Apr05/22-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(NEW): ENDING STOCKS/(LESS CHINA)-21/22-UP 4.99MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME:DOWN-(300.2-782.6)
TRADING: UP-STEADY-ABOVE TREND-CLOSE UP ABOVE RESISTANCE@753. 
TARGETS: 780(753-726)699)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSK22)/MAY: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 11.78MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: DOWN-VOLUME: DOWN-(844-1765.0).
TRADING: UP-STEADY-BELOW TREND-TESTED/CLOSE UP-ABOVE 1626-BUYING.   
TARGETS: (1666(1626-1586)1547)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWN22)/JUL(NEW): ENDING STOCKS/(LESS CHINA) 21/22-LESS 6-80MMT
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: LOWER-VOLUME: FLAT-(386.4-1363-4).
TRADING: UP/GAP-ESCALATED-UPSIDE TREND-CLOSE UP-MET RESISTANCE@1071.
TARGETS: 1104(1071-1038)1006 COMM/MORE SHORT-NON COMM/more LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: FLAT-VOLUME: FLAT
-(8321-6820).
TRADING: UP-ESCALATED-ABOVE TREND-TESTED RESISTANCE@8053-CLOSE FLAT.
TARGETS: (7787(7964-8053)8143-COMM/MORE SHORT-NON COMM/LESS SHORT.

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