Friday, October 01, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Oct01/2021-Fri.

MARKETS: PRICE-SUPPLY/DEMAND DURING ACTIVITY OF TRADING
TRENDS: JOIN: DISTINCT HIGHER LOWS (UP)-DISTINCT LOWER HIGHS (DOWN)
TRADED: DIRECTION-TREND-TARGET-CLOSE-ACTIVITY-(HI/LO PRICE RANGE).
TARGETS: PROJECTED PRICE POINTS AS OBJECTIVES OF RESISTANCE/SUPPORT

CORN (ZCZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 3.98MMT
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN/DAY-RANGE/(758.2-302)
TRADED: FLAT-ABOVE TREND-RESISTANCE@540 AGAIN-CLOSE UP-NET SELLING-MORE ACTIVE. 
TARGETS: (564(540-517)494)COMMERCIAL-MORE SHORT/NON COMMERCIAL-MORE LONG.

SOYS (ZSX21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 0.75MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME: UP-RANGE/(1667.4-791).
TRADED: DOWN-BELOW TREND-TESTED/CLOSED@1256/SUPPORT-SELLING-LESS ACTIVE. 
TARGETS: (1329(1292-1256)1221)COMMERCIAL-MORE SHORT/NON COMMERCIAL-MORE LONG.

WHEAT (ZWZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.76MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: UP-RANGE/(786.4-387). 
TRADED: UP-ON TREND-TESTED MET RESISTANCE@758 CLOSED UP-BUYING-MORE ACTIVE.
TARGETS: (786(758-731)704)COMMERCIAL-MORE LONG/NON COMMERCIAL-NOW SHORT.

DOLLAR (D6Z21)/NEW                    
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: UP-RANGE/(8321-6820)
TRADED: FLAT-ON TREND-TESTED/CLOSE BELOW RESISTANCE@7875-SELLING-LESS ACTIVE.
TARGETS: (7964(7875-7786)7697)COMMERCIAL-LESS LONG/NON COMMERCIAL-LESS SHORT. 

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