Tuesday, February 01, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Feb01/2022-Tues.

MARKETS PRICE-SUPPLY/DEMAND DURING TRADING ACTIVITY
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: DIRECTION-MOMENTUM-TREND LINE-TARGET-CLOSE.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 2.48MMT
TRENDS: PRICE: UP/MONTHLY-OPEN INTEREST: DOWN-VOLUME: LOWER-(302-758.2)
TRADING: TOP-FLAT-ABOVE TREND-RESISTANCE@639-CLOSE UP-STEADY-NET BUYING. 
TARGETS: 590(614-639)664)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSF22)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.80MMT 
TRENDS: PRICE: UP/HIGHEST-OPEN INTEREST: LOWER-VOLUME: HIGH-(1667-791).
TRADING: STEEP UP-BELOW REVISED TREND/1547-CLOSE UP-STEADY-BUYING. 
TARGETS: (1432(1470-1508)1547)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 1.70MMT 
TRENDS: PRICE: DOWN LESS-OPEN INTEREST: LOWER-VOLUME: LOWER-(387-874.6). 
TRADING: FLAT-MOVE DOWN-TESTED/CLOSE ON TREND@766-LESS ACTIVE-OFFSET.
TARGETS: 822(794-766)739-COMMERCIAL/NOW SHORT-NON COMM/MORE LONG.

DOLLAR (D6Z21)/MAR                    
TRENDS: PRICE: UP WEEKLY-OPEN INTEREST: FLAT-VOLUME: DOWN
-(8321-6820)
TRADING: UP-ABOVE TREND-TESTED 7875-DISTINCT HIGHER LOW-CLOSE FLAT-STEADY-.
TARGETS: (8053(7964-7875)7786-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG  

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