Monday, May 09, 2022

Major Grains-CADUSD-Trends-Trading-Targets-May09/2022-Mon.

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: DOWN-CLOSE BELOW TREND-PREVIOUS LOW/780-LOST MOMENTUM. 
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: FLAT-VOLUME: MIXED-(1765.0-844.0).
TRADING: DOWN SHARP-ACROSS TREND-TO UPSIDE SUPPORT@1576-GAINED MOMENTUM.   
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: FLAT-VOLUME: LOWER (1363-4-386.4).
TRADING: UP-OVER TREND-MET RESISTANCE@1138-CLOSE DOWN-SELLING-ESCALATED.
TARGETS: 1172(1138-1104)1071-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: DOWN/(NEW)-OPEN INTEREST: DOWN-VOLUME: LOWER-(8321-6820).
TRADING: DOWN-ON TREND-TO SUPPORT@7700-CLOSE DOWN-DEESCALATED.
TARGETS: (7874(7788-7700)7612-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG. 

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