Thursday, May 19, 2022

Major Grains-CADUSD-Trends.Trading.Targets-May19/2022-Thur.

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: LOWER-VOLUME: DOWN-(782.6-300.2).
TRADING: DOWN-SUPPORT/CLOSE@TREND-IN OFFSET-DEESCALATED. 
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-VOLUME: DOWN-(1765-780.4).
TRADING: FLAT-TESTED RESISTANCE@TREND/1699-BUYING-DEESCALATED.   
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/SHARP-OPEN INTEREST: FLAT-VOLUME: UP (1363.4-386.4).
TRADING: DOWN-RESISTANCE@TREND/1242 PREVAILS-NET SELLING-DEESCALATED.
TARGETS: 1172(1207-1242)1277-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

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

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