Thursday, April 07, 2022

Major Grains-CADUSD-Trends/Trading/Targets-April07/2022-Thur.

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: HIGHER-(300.2-782.6)
TRADING: FLAT-LESS ACTIVITY-MET RESISTANCE BELOW 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: UP-(844-1765.0).
TRADING: UP/MOVE UP-MORE ACTIVITY-TO TREND-MID(1626-1666)-CLOSE UP-BUYING.   
TARGETS: (1707(1666-1626)1586)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWN22)/JUL(NEW): ENDING STOCKS/(LESS CHINA) 21/22-LESS 6-80MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: HIGHER-VOLUME: HIGHER-(386.4-1363-4).
TRADING: FLAT-LESS ACTIVITY-ASIDE TREND-TESTED 1038/SUPPORT-SELLING.
TARGETS: 1104(1071-1038)1006 COMM/MORE SHORT-NON COMM/more LONG.

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

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