Thursday, February 03, 2022

Major Grains-CADUSD-Trends.Trading.Targets-Feb03/2022 Thur.

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 BELOW TREND/614-CLOSE MID RANGE-NET SELLING-LESS 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: FLAT-BELOW TREND-CLOSE  FLAT NEAR 1547-OFFSET-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: LOWER-(387-874.6). 
TRADING: DOWN-BELOW TREND-MID(766-738)-MET UP TREND-SELLING-LESS VOLATILITY.
TARGETS: 794(766-738)712-COMMERCIAL/NOW SHORT-NON COMM/MORE LONG.

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

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