Friday, May 13, 2022

Major Grains-CADUSD-Trends.Trading.Targets-May13/2022-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(NEW)-OPEN INTEREST: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: DOWN-ABOVE TREND-TESTED 780-SELLING-INCREASED VOLATILITY. 
TARGETS: 753(780-808)836)-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-VOL: DOWN/LESS-(1765.0-844.0).
TRADING: MOVE UP-GAP OF REVISED TREND-OPEN@1658-BUYING-REDUCED VOLATILITY .   
TARGETS: (1576(1617-1658)1699)-COMMERCIAL/LESS SHORT-NON COM/LESS LONG.

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

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

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