Wednesday, April 06, 2022

Major Grains-CADUSD-Trends/Trading/Targets-Apr05/2022-Wed.

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 4.99MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME:DOWN-(300.2-782.6)
TRADING: UP/FLAT-LESS ACTIVE-MET RESISTANCE@753/PREVIOUS HIGHS. 
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: FLAT-(844-1765.0).
TRADING: UP-LESS ACTIVE-TREND/RESISTANCE-CLOSE DOWN-BELOW 1626-SELLING.   
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: FLAT-LESS ACTIVE-ASIDE TREND-TESTED SUPPORT/CLOSE DOWN@1038.
TARGETS: 1104(1071-1038)1006 COMM/MORE SHORT-NON COMM/more LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP-OPEN INTEREST: FLAT/UP DAY-VOLUME: LOWER
-(8321-6820).
TRADING: DOWN-LESS ACTIVE-TESTED SUPPORT@TREND/7964-CLOSE LOWER.
TARGETS: (7787(7964-8053)8143-COMM/MORE SHORT-NON COMM/LESS SHORT.

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