Thursday, November 04, 2021

Major Grains+CAD/USD-Traded.Trends.Targets-Nov04/2021-Thur.

MARKETS: PRICE-SUPPLY/DEMAND DURING TRADING MOMENTUM
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADED: DIRECTION-VOLATILITY-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: FLAT-VOLUME: DOWN-RANGE/(758.2-302)
TRADED: MOVE/DOWN-MOMENTUM/GAIN-ABOVE TREND-BELOW 564-LOWER HIGH. 
TARGETS: (540(564-588)612)-COMMERCIAL-ACCUMULATION SHORT.

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-MOMENTUM/GAIN-BELOW TREND-TESTED/CLOSE ABOVE 1221. 
TARGETS: (1292(1256-1221)1185)-COMMERCIAL-NON COMMERCIAL LIQUIDATED.

WHEAT (ZWZ21)/DEC: WORLD ENDING STOCKS/(LESS CHINA)-21/22-DOWN 6.04MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN VOLUME: LOWER-RANGE/(387-807.0). 
TRADED: DOWN-MOMENTUM/GAIN-ABOVE TREND-772/LOW-CLOSE DOWN-NEW HIGH.
TARGETS: 731(758-786)814)-COMMERCIAL-ACCUMULATED SHORT.

DOLLAR (D6Z21)/DEC                    
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-RANGE/(6820-8321)
TRADED: MOVE DOWN-MOMENTUM/GAIN-TESTED/CLOSE DOWN BELOW 8053.
TARGETS: (7964(8053-8143)8233)-COMMERCIAL-ACCUMULATION SHORT 

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