Tuesday, October 19, 2021

Major Grains+CADUSD-Trends-Traded-Target-Oct19/2021-Tue.

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: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-RANGE/(758.2-302)
TRADED: MOVE UP-LESS ACTIVE-ABOVE TREND-BELOW RESISTANCE@540-CLOSE DOWN. 
TARGETS: (540(517-494)472)-COMMERCIAL-NET LESS SHORT-HIGHEST VOLUME.

SOYS (ZSX21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.75MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: FLAT-(1667.4-791).
TRADED: UP-ESCALATED-ABOVE TREND/1221-MET RESISTANCE@PREVIOUS LOWS. 
TARGETS: (1256(1221-1185)1151)-COMMERCIAL-LESS NET SHORT-HIGHEST VOLUME.

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

DOLLAR (D6Z21)/NEW                    
TRENDS: PRICE: UP-OPEN INTEREST: UP/STRONG-VOLUME: DOWN-RANGE/(6820-8321)
TRADED: MOVE UP-STEADY-UPSIDE TREND-@RESISTANCE MID(8O53-8143)-CLOSE UP.
TARGETS: (7964(8053-8143)8233)-COMMERCIAL-LESS NET LONG-HIGHEST VOLUME 

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