Monday, May 23, 2022

Major Grains-CADUSD-Trends.Trading Targets-May23/2022-Mon.

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-OPEN INTEREST: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: FLAT-BELOW TREND/RESISTANCE@780-MOVE DOWN-DEESCALATED.. 
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: LOWER-VOLUME: DOWN-(1765-780.4).
TRADING: UP-CLOSED BELOW SUPPORT@TREND/1699-NET SELLING-ESCALATED.   
TARGETS: (1617(1658-1699)1741)-COMMERCIAL/LESS SHORT-NON COM/LESS LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 12.29MMT
TRENDS: PRICE: UP/LESS-OPEN INTEREST: FLAT-VOLUME: DOWN (1363.4-386.4).
TRADING: FLAT/MOVE DOWN-ABOVE REVISED TREND/1172-NET BUYING-DEESCALATED.
TARGETS: 1138(1172-1207)1242-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: MOVE FLAT-ABOVE TREND-ON SUPPORT@7786-BUYING-DEESCALATED.
TARGETS: (7874(7788-7700)7612-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG. 

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