Wednesday, October 20, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Oct20/2021-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 UP-ESCALATED-ABOVE TREND-MET RESISTANCE@540-HIGHER CLOSE. 
TARGETS: (564(540-517)494)-COMMERCIAL-NET LESS SHORT-HIGHEST VOLUME.

SOYS (ZSX21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.75MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: FLAT-(1667.4-791).
TRADED: MOVE UP-STEADY-BELOW TREND/1256 RESISTANCE-HIGHER CLOSE.. 
TARGETS: (1292(1256-1221)1185)-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: MOVE UP-ESCALATED-ABOVE TREND-BELOW 758 RESISTANCE-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: LOWER-RANGE/(6820-8321)
TRADED: MOVE UP-STEADY-ON TREND-DOWNSIDE RESISTANCE@8143-CLOSE UP.
TARGETS: (7964(8053-8143)8233)-COMMERCIAL-LESS NET LONG-HIGHEST VOLUME 

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