Thursday, May 12, 2022

Major Grains-CADUSD-Trends.Trading.Targets-May12/2022-Thur.

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: UP(NEW)-OPEN INTEREST: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: UP-ABOVE TREND/780-CLOSE DOWN-NET SELLING-ACCELERATED. 
TARGETS: 753(780-808)836)-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/LESS-(1765.0-844.0).
TRADING: UP-TESTED TREND/1617-CLOSE UP BELOW 1617-NET BUYING-ACCELERATED .   
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: UP/NEW-OPEN INTEREST: LOWER-VOLUME: DOWN (1363.4-386.4).
TRADING: UP/LOW@1104-TESTED TREND-CLOSE ABOVE 1172-BUYING-ACCELERATED.
TARGETS: 1104(1138-1172)1207-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-ABOVE TREND-INSIDE(7700-7612)-SELLING-DECELERATED.
TARGETS: (7874(7788-7700)7612-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG. 

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