Thursday, November 11, 2021

Major Grains-CADUSD-Trends.Traded.Targets-Nov11/021-Thur.

MARKETS: PRICE-SUPPLY/DEMAND DURING TRADING MOMENTUM
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADED: 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-OPEN INTEREST/UP-VOLUME/DOWN/LESS-RANGE/(758.2-302)
TRADED: UP/LOST MOMENTUM/ABOVE TREND/MET GOOD RESISTANCE@588/CLOSE FLAT. 
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/FLAT-VOLUME/DOWN-(1667.4-791).
TRADED: UP-FLAT MOVE/STEADY/BELOW TREND/TESTED-CLOSE UP@1221. 
TARGETS: (1292(1256-1221)1185)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 1.38MMT 
TRENDS: PRICE/UP-OPEN INTEREST/UP-VOLUME/LOWER-RANGE/(387-807.0). 
TRADED: UP/STEADY MOMENTUM/ABOVE TREND/MET RESISTANCE-CLOSE UP@814.
TARGETS: 758(786-814)843)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

DOLLAR (D6Z21)/DEC                    
TRENDS: PRICE/DOWN-OPEN INTEREST/LOWER-VOLUME/HIGHER-RANGE/(6820-8321)
TRADED: DOWN STEEP/STEADY MOMENTUM/TESTED-CLOSE BELOW SUPPORT@7964.
TARGETS: (8143(8053-7964)7875)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG 

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