Wednesday, May 11, 2022

Major Grain-CADUSD-Trends-Trading-Targets-May11/2022-Wed/

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: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: UP-ON SUPPORT@TREND/780-CLOSE UP-BUYING-ACCELERATED. 
TARGETS: 836(808-780)753)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSN22)/JUL: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 12.15MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: LOWER-VOLUME: DOWN-(1765.0-844.0).
TRADING: UP-TESTED/CLOSE UP ABOVE TREND NEAR RESISTANCE@1617-NET BUYING .   
TARGETS: (1658(1617-1576)1536)-COMMERCIAL/LESS SHORT-NON COM/LESS LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 21/22-DOWN 10.30MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: LOWER-VOLUME: DOWN (1363.4-386.4).
TRADING: UP-ABOVE TREND-MET RESISTANCE MID(RANGE)-NET BUYING-ACCELERATED.
TARGETS: 1178(1138-1104)1071-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN/LESS-VOLUME: DOWN-(8321-6820).
TRADING: UP-ABOVE TREND-TESTED CLOSE@7700-NET BUYING-ACCELERATED.
TARGETS: (7874(7788-7700)7612-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG. 

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