Friday, May 27, 2022

Major Grains-CADUSD-Trends-Trading-Targets-May27/2022-Fri.

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING VOLATILITY
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: MOVE-TREND LINE-TARGET-CLOSE-VOLATILITY.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCN22)/JUL: ENDING STOCKS/(LESS CHINA)-22/23-UP 1.76MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: FLAT-ABOVE TREND-MID(753-780)-RESISTANCE@LAST LOW HELD. 
TARGETS: 726(753-780)808)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSN22)/JUL: ENDING STOCKS/(LESS CHINA)-22/23-UP 13.56MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST:DOWN-VOLUME: UP/DAY-(1765-780.4).
TRADING: FLAT-@LAST ULTIMATE HIGH AS RESISTANCE-NEAR BELOW 1741-LESS FORCE.   
TARGETS: (1617(1658-1699)1741)-COMMERCIAL/MORE SHORT-NON COM/MORE LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 12.29MMT
TRENDS: PRICE: UP/LESS-OPEN INTEREST: LOWER-VOLUME: DOWN (1363.4-386.4).
TRADING: UP-TESTED TREND-MET RSISTANCE@1172-BUYING-CLOSE UP-LESS FORCE.
TARGETS: 1104(1138-1172)1207-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/GRADUAL-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: BREAK OUT ABOVE TREND-BELOW 7874-CLOSE UP-LESS FORCE.
TARGETS: (7700(7786-7875)7964-COMMERCIAL/LESS LONG-NON COMM/LESS SHORT. 

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