Friday, September 16, 2022

major grains-cadusd-trends-trading-targets-sept16/2022-fri.

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING ACTIVITY.
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADING: MOVE-TREND LINE-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT

CORN (ZCZ22)/DEC: WORLD ENDING STOCKS-22/23-DOWN 7.61MMT 
TRENDS: PRICE-DOWN-OPEN INTEREST:DOWN-VOL-FLAT (782.6-300.2)
TRADING: DOWN/STEEP-BELOW TREND-MID(687-661)/SUPPORT-CLOSE DOWN-STEADY.
TARGETS: (714(687-661)635-COMMERCIAL FLAT SHORT-NON COMMERCIAL MORE LONG.

SOYS (ZSX22)/NOV: WORLD ENDING STOCKS-22/23-UP 11.68MMT 
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: UP-VOLUME-DOWN-(1765-780.4).
TRADING: DOWN/STEEP-TESTED/CLOSE FLAT BELOW  RESISTANCE@TREND-NET BUYING.
TARGETS: (1509(1470-1432)1394-COMMERCIAL/MORE SHORT-NON COMM/MORE LONG.

WHEAT (ZWU22)/DEC: WORLD ENDING STOCKS-22/23-DOWN 101.10MMT.
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME DOWN-(1363.4-386.4).  
TRADING: DOWN-ON TREND-RESISTANCE MID(851-881)-CLOSE UP-NET BUYING.
TARGETS: 822(851-881)911 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: HIGHER-(8321-6820).
TRADING: DOWN-OVERSOLD TREND-SUPPORT@7584-SELLING-ACTIVITY STEADY.
TARGETS: 7699(7611-7524)7437-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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