Friday, October 22, 2021

Major Grains+CADUSD-Trends-Traded-Targets-Oct22/2021-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: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-RANGE/(758.2-302)
TRADED: MOVE FLAT@HIGHS-STEADY-ABOVE TREND/RESISTANCE@540-CLOSE DOWN. 
TARGETS: (564(540-517)494)-COMMERCIAL-LESS SHORT-NON COMM-FLAT LONG.

SOYS (ZSF22)/NEW: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.75MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: UO-VOLUME: DOWN-(1667.4-791).
TRADED: DOWN/LOWER HIGH-DEESCALATED-ON TREND/SUPPORT ABOVE 1221-. 
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: FLAT-VOLUME: UP/DAY-RANGE/(387-786.4). 
TRADED: UP-MOVE UP-STEADY-ABOVE TREND-MID(731-758)-CLOSE DOWN.
TARGETS: 704(731-758)786)-COMMERCIAL-MORE LONG-NON COMM-MORE SHORT.

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

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