Thursday, October 07, 2021

Major Grains+CADUSD-Trends.Traded.Targets-Oct07/2021-Thur.

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-RANGE/(758.2-302)
TRADED: DOWN-MOVE FLAT-LESS VOLATILITY-SUPPORT@TREND-MID(540-517)-CLOSE FLAT. 
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: DOWN-VOLUME: DOWN-RANGE/(1667.4-791).
TRADED: DOWN-MOVE FLAT-STEADY-BELOW TREND/1256-SUPPORT@LOW-CLOSE UP. 
TARGETS: (1292(1256-1221)1185)COMMERCIAL-MORE SHORT/NON COMMERCIAL-MORE LONG.

WHEAT (ZWZ21): WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.76MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-RANGE/(786.4-387). 
TRADED: DOWN-MOVE FLAT-STEADY VOLATILITY-ABOVE TREND-MID(758-731)-CLOSE DOWN.
TARGETS: (786(758-731)704)COMMERCIAL-MORE LONG/NON COMMERCIAL-NOW SHORT.

DOLLAR (D6Z21)/NEW                    
TRENDS: PRICE: UP-OPEN INTEREST: FLAT-VOLUME: DOWN-RANGE/(8321-6820)
TRADED: UP-MOVE FLAT-LESS VOLATILITY-BELOW TREND-RESISTANCE@7964-CLOSE FLAT.
TARGETS: (8053(7964-7875)7786)COMMERCIAL-LESS LONG/NON COMMERCIAL-LESS SHORT. 

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