Monday, November 08, 2021

Major Grains-CADUSD-Trends.Traded.Targets-Nov08/2021-Mon.

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)/DEC: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 2.12MMT
TRENDS: PRICE/UP-OPEN INTEREST/DOWN-VOLUME/DOWN-RANGE/(758.2-302)
TRADED: DOWN/LOST MOMENTUM/MET SUPPORT@TREND/MID(564-540)/CLOSE FLAT. 
TARGETS: (517(540-564)588)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

SOYS (ZSF22)/JAN: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 4.75MMT 
TRENDS: PRICE/DOWN-OPEN INTEREST/FLAT-VOLUME/DOWN-(1667.4-791).
TRADED: DOWN/STEADY MOMENTUM/WELL BELOW TREND/MET SUPPORT@1185. 
TARGETS: (1256(1221-1185)1151)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWZ21)/DEC: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.04MMT 
TRENDS: PRICE/UP-OPEN INTEREST/LOWER-VOLUME/HIGHER-RANGE/(387-807.0). 
TRADED: DOWN/LOST MOMENTUM/WELL ABOVE TREND/CLOSER ABOVE 758/CLOSE FLAT.
TARGETS: 731(758-786)814)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

DOLLAR (D6Z21)/DEC                    
TRENDS: PRICE/UP-OPEN INTEREST/LOWER-VOLUME/LOWER-RANGE/(6820-8321)
TRADED: FLAT/ROUNDED TOP/LOST MOMENTUM/OFF TREND/BELOW 8053/CLOSE UP.
TARGETS: (7875(7964-8053)8143)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG 

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