Friday, September 23, 2022

major grains-cadusd-trends-trading-targets-sept23/2022-fri.

MARKETS: PRICE SUPPLY/DEMAND-BY MOMENTUM OF TRADING.
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: DOWN-VOL-DOWN-(782.6-300.2)
TRADING: DOWN-TESTED/CLOSED BELOW CONVERGENCE/687-GAIN/MOMENTUM.
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/-OPEN INTEREST: UP-VOLUME-FLAT-(1765-780.4).
TRADING: DOWN BELOW FIRST LOWER IGH-CLOSE BELOW 1432-GAIN/MOMENTUM-.
TARGETS: (1470(1432-1394)1352-COMMERCIAL FLAT/SHORT-NONCOMMERCIAL FLAT/LONG.

WHEAT (ZWU22)/DEC: WORLD ENDING STOCKS-22/23-DOWN 101.10MMT.
TRENDS: PRICE: UP/LESS-OPEN INTEREST: FLAT-VOLUME UP-(1363.4-386.4).  
TRADING: DOWN/SELLING-ABOVE TREND-881/SUPPORT-GAIN/MOMENTUM.
TARGETS: 850(881-911)942 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/SEP                  
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP-VOLUME: UP-(8321-6820).
TRADING: DOWN-UPSIDE TREND-7351/SUPPORT-SELLING-STEADY MOMENTUM.
TARGETS: 7524(7437-7351)7265-COMMERCIAL NOW LONG-NON COMM LESS LONG.

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