Friday, November 12, 2021

Major Grains-CADUSD-Trends.Traded.Targets-Nov12/2021-Fri

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: FLAT/MOVE UP/STEADY MOMENTUM/MORE RESISTANCE@588/CLOSE UP. 
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/GAINED MOMENTUM/TESTED-CLOSE UP/ABOVE TREND/BELOW 1256. 
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/HIGHER-RANGE/(387-807.0). 
TRADED: FLAT/MOVE UP STEEP/LOST MOMENTUM/MET RESISTANCE BELOW 843.
TARGETS: 786(814-843)872)-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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