Thursday, September 22, 2022

major grains-cadusd-trends-trading-targets-sept22/2022-thur.

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: UP-VOL-DOWN-(782.6-300.2)
TRADING: FLAT-ON DOWN TREND CONVERGING-CLOSE UP ABOVE 687-VOLATILITY (-).
TARGETS: (714(687-661)635-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSX22)/NOV: WORLD ENDING STOCKS-22/23-UP 11.68MMT 
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: UP-VOLUME-FLAT-(1765-780.4).
TRADING: DOWN BELOW TREND -TESTED RESIS    TANCEBVELOW 1470-SELLING-VOLATILITY (-).
TARGETS: (1509(1470-1432)1394-COMMERCIAL FLAT/SHORT-NONCOMMERCIAL FLAT/LONG.

WHEAT (ZWU22)/DEC: WORLD ENDING STOCKS-22/23-DOWN 101.10MMT.
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME UP-(1363.4-386.4).  
TRADING: FLAT-ON TREND-924/RESISTANCE-CLOSE UP-NET BUYING-VOLATILITY (-)
TARGETS: 865(895-924)955 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP-VOLUME: UP-(8321-6820).
TRADING: DOWN-ABOVE REVISED TREND-MID(7457-7351)-OFFSET-VOLATILITY(+).
TARGETS: 7611(7524-7437)7351-COMMERCIAL NOW LONG-NON COMM LESS LONG.

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