Friday, November 26, 2021

Major Grain-CADUSD-Trends-Trading-Targets-Nov26/2021-Fri.

MARKETS PRICE-SUPPLY/DEMAND DURING TRADING MOMENTUM
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: DIRECTION-MOMENTUM-TREND LINE-TARGET-CLOSE.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 1.23MMT
TRENDS: PRICE/UP SHORT TERM-OPEN INTEREST/UP-VOLUME/UP-RANGE/(302-758.2)
TRADING: MOVE FLAT/GAINED MOMENTUM/ON TREND/CLOSE ABOVE 588/TOP OF MOVE. 
TARGETS: (540(564-588)612)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSF22)/JAN: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 0.56MMT 
TRENDS: PRICE/DOWN-OPEN INTEREST/LOWER-VOLUME/FLAT-RANGE/(1667-791).
TRADING: DOWN/GAP/LOST MOMENTUM/BELOW TREND/HIGH@1256/BUYING. 
TARGETS: (1329(1292-1256)1221)-COMMERCIAL/NOW SHORT-NON COMM/MORE LONG.

WHEAT (ZWZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 1.38MMT 
TRENDS: PRICE/UP-OPEN INTEREST/UP MODERATE-VOLUME/FLAT-RANGE/(387-859.2). 
TRADING: DOWN/GAP/STEADY MOMENTUM/ABOVE TREND/CLOSE ABOVE 843/BUYING.
TARGETS: 814(843-872)902-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

DOLLAR (D6Z21)/DEC                    
TRENDS: PRICE/DOWN-OPEN INTEREST/FLAT DOWN-VOLUME/UP-RANGE/(8321-6820)
TRADING: DOWN/GAINED MOMENTUM/ON TREND/TESTED 7875/CLOSE BELOW-SELLING.
TARGETS: (8053(7964-7875)7786)-COMMERCIAL/FLAT SHORT-NON COMM/LESS LONG 

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