Wednesday, May 04, 2022

Major Grains-CADUSD-Trends.Trading,Targets-May04/2022-Wed.

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/SHARP-OPEN INTEREST: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: MOVE DOWN-LOST MOMENTUM-SELLING-BELOW TREND-MID(808-780). 
TARGETS: 753(780-808)835)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSN22)/JUL: ENDING STOCKS/(LESS CHINA)-21/22-DOWN 12.15MMT 
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: FLAT-VOLUME: DOWN-(1765.0-844.0).
TRADING: DOWN-LOST MOMENTUM-NET BUYING-BELOW TREND-RESISTANCE MID(RANGE).   
TARGETS: (1699(1658-1617)1576)-COMMERCIAL/FLAT SHORT-NON COM/FLAT LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 21/22-DOWN 10.30MMT
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: FLAT-VOLUME: FLAT (1363-4-386.4).
TRADING: UP-GAINED MOMENTUM-NET BUYING-TESTED TREND-MID(1071-1104).
TARGETS: 1104(1071-1038)1006-COMM/LESS SHORT-NON COMM/FLAT LONG

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP-OPEN INTEREST: FLAT-VOLUME: LOWER-(8321-6820).
TRADING: UP-GAINED MOMENTUM-BUYING-ON/UPSIDE TREND-SUPPORT@7786.
TARGETS: (7612-(7700-7786)7879-COMM/LESS SHORT-NON COMM/LESS LONG. 

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