Monday, November 29, 2021

Major Grains-CADUSD-Trends.Trading.Targets-Nov29/2021-Mon.

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 SHORT TERM-OPEN INTEREST UP/FLAT-VOLUME/UP/(302-758.2)
TRADING: MOVE FLAT/MOMENTUM-LOST/ON TREND/TESTED/CLOSED BELOW 588-TOP. 
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/DOWN-VOLUME/FLAT-RANGE/(1667-791).
TRADING: UP/GAP FILLED/MOMENTUM-GAIN/BELOW TREND-1256/CLOSE DOWN. 
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/DOWN-OPEN INTEREST/FLAT-VOLUME/FLAT-RANGE/(387-859.2). 
TRADING: DOWN/REVERSAL SIGN/MOMENTUM-GAIN/ABOVE TREND/CLOSE DOWN.
TARGETS: 872(843-814)786-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

DOLLAR (D6Z21)/DEC                    
TRENDS: PRICE/DOWN-OPEN INTEREST/FLAT DOWN-VOLUME/UP-RANGE/(8321-6820)
TRADING: FLAT/MOMENTUM-GAIN/ALONG TREND/BELOW 7875/CLOSE FLAT-SELLING.
TARGETS: (8053(7964-7875)7786)-COMMERCIAL/FLAT SHORT-NON COMM/LESS LONG 

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