Wednesday, September 21, 2022

major grains-cadusd-trends-trading-targets-sept21/2022-wed

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: CONVERGING-OPEN INT: FLAT-VOL-FLAT(782.6-300.2)
TRADING: UP-RESISTANCE@LAST HIGH-ABOVE TREND/687-SELLING-MORE VOLATILITY.
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: DOWN-VOLUME-FLAT-(1765-780.4).
TRADING: UP-RESISTANCE@TREND-TESTED /CLOSE BELOW 1470-SELLING--LOST -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: FLAT-VOLUME UP-(1363.4-386.4).  
TRADING: UP-RESISTANCE@TREND/911-CLOSE UP-BUYING-LOST VOLATILITY.
TARGETS: 851(881-0911)942 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP-(8321-6820).
TRADING: DOWN/STEEP-SUPPORT@7431-CLOSE DOWN-BUYING-LOST VOLATILITY.
TARGETS: 7611(7524-7437)7351-COMMERCIAL LESS SHORT-NON COMM/LESS LONG. 

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