Tuesday, November 09, 2021

Major Grains-CADUSD-Trends.Traded.Trading-Nov09/2021-Tues.

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 1.23MMT
TRENDS: PRICE/UP-OPEN INTEREST/DOWN-VOLUME/DOWN-RANGE/(758.2-302)
TRADED: UP/GAINED MOMENTUM/SUPPORT@TREND/MET RESISTANCE@564-CLOSE UP. 
TARGETS: (517(540-564)588)-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/UP-(1667.4-791).
TRADED: FLAT/GAINED MOMENTUM/BELOW TREND-1256/HIGH@PREVIOUS LOWS. 
TARGETS: (1292(1256-1221)1185)-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWZ21)/DEC: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 1.38MMT 
TRENDS: PRICE/UP-OPEN INTEREST/LOWER-VOLUME/HIGHER-RANGE/(387-807.0). 
TRADED: UP/GAINED MOMENTUM/WELL ABOVE TREND/NEAR 786/CLOSE UP.
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/GAINED MOMENTUM/OFF TREND/NEAR 8053/CLOSE UP.
TARGETS: (7875(7964-8053)8143)-COMMERCIAL/FLAT SHORT-NON COMM/FLAT LONG 

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