Friday, October 29, 2021

Major Grains-CADUSD-Trends.Traded.Targets-Oct29/2021-Fri.

MARKETS: PRICE-SUPPLY/DEMAND DURING 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-OPEN INTEREST: FLAT-VOLUME: LOWER-RANGE/(758.2-302)
TRADED: FLAT@TOP-ABOVE TREND-TESTED RESISTANCE/CLOSE UP ABOVE 564. 
TARGETS: (517(540-564)588)-COMMERCIAL-ACCUMULATION SHORT.

SOYS (ZSF22): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.75MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-(1667.4-791).
TRADED: FLAT-DEESCALATED-BELOW TREND-HIGH@1256-CLOSE UP. 
TARGETS: (1292(1256-1221)1185)-COMMERCIAL-NON COMMERCIAL LIQUIDATED.

WHEAT (ZWZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.04MMT 
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: HIGHER-RANGE/(387-786.4). 
TRADED: FLAT@TOP-DEESCALATED-ABOVE TREND-BELOW 786-CLOSE FLAT.
TARGETS: 704(731-758)786)-COMMERCIAL-ACCUMULATED SHORT.

DOLLAR (D6Z21)/NEW                    
TRENDS: PRICE: UP-OPEN INTEREST: LOWER-VOLUME: FLAT-RANGE/(6820-8321)
TRADED: FLAT-MOVE FLAT-DEESCALATED-BELOW TREND-LOW@8053-CLOSE FLAT.
TARGETS: (7964(8053-8143)8233)-COMMERCIAL-ACCUMULATION SHORT 

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