Monday, September 19, 2022

major grains-cadusd-trends-trading-targets-sept19/2022-mon

MARKETS: PRICE SUPPLY/DEMAND-PER TRADING VOLATILITY.
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-LOWER (782.6-300.2)
TRADING: MOVE DOWN CONFIRMING CONVERGING TRENDLINES-MID (687-661)-STEADY.
TARGETS: (714(687-661)635-COMMERCIAL FLAT/SHORT-NONCOMMERCIAL 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: UP-ON TREND LINE-MID(1470-1432)-BUYING-CLOSE UP-STEADY VOLATILITY.
TARGETS: (1509(1470-1432)1394-COMMERCIAL MORE/SHORT-NONCOMMERCIAL 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-GAINED VOLATILITY-TESTED/CLOSE BELOW TREND-ABOVE 822.
TARGETS: 822(851-881)911 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: DOWN PARALLEL BELOW TREND-TESTED CLOSE FLAT-UPSIDE 7524.
TARGETS: 7699(7611-7524)7437-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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