Thursday, June 02, 2022

Major Grains-CADUSD-Trends-Trading-Targets-Jun02/2022-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: DOWN-VOLUME: DOWN-(782.6-300.2).
TRADING: MOVE DOWN FIRM SUPPORT@LOWS/TRENDS/726-VOLATILITY.. 
0TARGETS: 699(726-753)780)-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: UP/DAYS-(1765-780.4).
TRADING: FLAT-ON TREND MEETING MAJOR RESISTANCE@1741 GOOD VOLATILITY.   
TARGETS: (1741(1699-1658)1617)-COMMERCIAL/MORE SHORT-NON COM/MORE LONG.

WHEAT (ZWN22)/JUL: ENDING STOCKS/(LESS CHINA) 22/23-DOWN 12.29MMT.
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: FLAT (1363.4-386.4).
TRADING: DOWN-MEETING SUPPORT@TREND/PREVIOUS LOWS/1038-GOOD VOLATILITY.
TARGETS: 1038(1071-1104)1138-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6M22)/JUN                    
TRENDS: PRICE: UP/GRADUAL-OPEN INTEREST: DOWN-VOLUME: STEADY-(8321-6820).
TRADING: RESISTANCE@TRENDS/PREVI0US LOW/7964-MODERATE VOLATILITY
TARGETS: (7700(7786-7874)7964-COMMERCIAL/LESS LONG-NON COMM/LESS SHORT. 

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