Wednesday, October 13, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Oct13/2021-Wed.

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: UP/DAY-RANGE/(758.2-302)
TRADED: MOVE DOWN-ESCALATED-ON/DOWNSIDE TREND-TESTED/CLOSE DOWN BELOW 517. 
TARGETS: (540(517-494)472)COMMERCIAL-MORE SHORT/NON COMMERCIAL-MORE LONG.

SOYS (ZSX21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.75MMT 
TRENDS: PRICE: DOWN/LOWER-OPEN INTEREST: DOWN-VOLUME: UP-(1667.4-791).
TRADED: MOVE DOWN-DEESCALATED-MET SUPPORT@TREND/1185-CLOSE DOWN. 
TARGETS: (1256(1221-1185)1151)COMMERCIAL-LESS SHORT/NON COMMERCIAL-LESS LONG.

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

DOLLAR (D6Z21)/NEW                    
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: DOWN-RANGE/(8321-6820)
TRADED: MOVE UP-DEESCALATING-MEETING RESISTANCE@TREND/NEAR 8053-CLOSE DOWN.
TARGETS: (8143(8053-7964)7875)COMMERCIAL-MORE LONG/NON COMMERCIAL-MORE SHORT. 

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