Wednesday, September 28, 2022

major grains-cadusd-trends-trading-targets-sept28/2022-wed.

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: DOWN-OPEN INT: DOWN-VOLUME-FLAT-(782.6-300.2)
TRADING: DOWN-STEADY MOMENTUM-BUYING-BELOW TREND-MET SUPPORT@661.
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 UP-(1765-780.4).
TRADING: DOWN-LOST MOMENTUM-BUYING-CLOSE-FLAT ON TREND-SUPPORT@1394.-
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: DOWN-VOLUME FLAT-(1363.4-386.4).  
TRADING: UP-GAINED MOMENTUM-NET BUYING-ON TREND-TESTED CLOSE@895.
TARGETS: 850(881-911)942 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/DEC                  
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: DOWN-VOLUME: UP-(8321-6820).
TRADING: FLAT-GAINED MOMENTUM-NET BUYING-ON TREND-RESISTANCE@7351.
TARGETS: 7524(7437-7351)7265-COMMERCIAL NOW LONG-NON COMM LESS LONG.

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