Wednesday, October 27, 2021

Major Grains-CADUSD-Trends-Traded-Targets-Oct27/2021-Wed.

MARKETS: PRICE-SUPPLY/DEMAND USING TRADING VOLATILITY
TRENDS: LINES JOINING: HIGHER LOWS (UP)/LOWER HIGHS (DOWN
TRADED: DIRECTION-VOLATILITY-TREND LINE-TARGET-CLOSE.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 2.12MMT
TRENDS: PRICE: UP/NEW-OPEN INTEREST: DOWN-VOLUME: UP-RANGE/(758.2-302)
TRADED: UP-ESCALATED-ON TREND/UP TO RESISTANCE@564-CLOSE UP BELOW HIGH. 
TARGETS: (517(540-564)588)-COMMERCIAL-LESS SHORT-NON COMM-FLAT LONG.

SOYS (ZSF22): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.75MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP/DAY-(1667.4-791).
TRADED: FLAT-ESCALATED-MET RESISTANCE@TREND-TESTED 1256-CLOSE FLAT. 
TARGETS: (1292(1256-1221)1185)-COMMERCIAL-LESS SHORT-NON COMM-MORE LONG.

WHEAT (ZWZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.04MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: HIGHER-RANGE/(387-786.4). 
TRADED: DOWN-MOVE DOWN-STEADY-ABOVE TREND-TESTED/CLOSE UP@758.
TARGETS: 704(731-758)786)-COMMERCIAL-MORE LONG-NON COMM-MORE SHORT.

DOLLAR (D6Z21)/NEW                    
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: FLAT-RANGE/(6820-8321)
TRADED: FLAT-MOVE DOWN-ESCALATED-ON TREND/SUPPORT@8053-CLOSE UP.
TARGETS: (7964(8053-8143)8233)-COMMERCIAL-LESS SHORT-NON COMM-LESS LONG 

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