Tuesday, November 23, 2021

Major Grains-CADUSD-Trends.Trading.Targets-Nov23/2021-Tues.

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-OPEN INTEREST/UP-VOLUME/DOWN-RANGE/(758.2-302)
TRADING: MOVE FLAT/GAINED MOMENTUM/NET BUYING/TESTED CLOSED@588. 
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-(1667-791).
TRADING: UP/MOVE FLAT/LOST MOMENTUM/OFFSET/BELOW TREND/ABOVE 1256. 
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 SHARP-OPEN INTEREST/UP LESS-VOLUME/DOWN-RANGE (387-859.2). 
TRADING: MOVE UP/GAINED MOMENTUM/BUYING/ABOVE TREND/NEAR 872/CLOSE UP.
TARGETS: 814(843-872)902-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

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

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