Wednesday, February 02, 2022

Major Grains-CADUSD-Trends.Trading.Targets.Feb02/2022-Wed.

MARKETS PRICE-SUPPLY/DEMAND TRADING WITH VOLATILITY
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: HIGH-(302-758.2)
TRADING: DOWN-ON TREND-FROM RESISTANCE@639-CLOSE DOWN-MORE VOLATILITY. 
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: UP-BELOW TREND-TESTED/CLOSE UP@1547-SELLING-LESS VOLATILITY. 
TARGETS: (1470(1508-1547)1586)-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: HIGH-(387-874.6). 
TRADING: DOWN-TESTED/CLOSED BELOW TREND/766-NET SELLING-MORE VOLATILITY.
TARGETS: 794(766-739)712-COMMERCIAL/NOW SHORT-NON COMM/MORE LONG.

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

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