Thursday, December 02, 2021

Major Grains-CADUSD-Trends-Trading-Targets-Dec02/2021-Thurs.

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: DOWN-OPEN INTEREST: DOWN-VOLUME: UP-/(302-758.2)
TRADING: FLAT/LOST MOMENTUM/BELOW TREND/MID(564-588)/CLOSE UP/NET BUYING. 
TARGETS: (612(588-564)540)-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: DOWN-RANGE(1667-791).
TRADING: UP/GAINED MOMENTUM/MET SUPPORT ABOVE TREND@1221/BUYING. 
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: REVISED-OPEN INTEREST: LOWER-VOLUME: FLAT-RANGE/(387-874.6). 
TRADING: FLAT MOVE/GAINED MOMENTUM/ON TREND UP/CLOSE ABOVE 814/BUYING.
TARGETS: 786(814-843)872-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

DOLLAR (D6Z21)/DEC                    
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-RANGE/(8321-6820)
TRADING: DOWN/LOST MOMENTUM/ALONG TREND/MEETING GOOD SUPPORT@7786.
TARGETS: (7964(7875-7786)7697)-COMMERCIAL/FLAT SHORT-NON COMM/LESS LONG 

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