Thursday, September 29, 2022

major grains-cadusd-trends-trading-targets-sept29/2022-thur.

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 INTEREST: FLAT-VOLUME-DOWN-(782.6-300.2)
TRADING: UP STEADY-MET RESISTANCE@TREND-MID (687-661)-SELLING-CLOSE FLAT
TARGETS: (714(687-661)635-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSX22)/NOV: WORLD ENDING STOCKS-22/23-UP 11.68MMT 
TRENDS: PRICE: UP/NEW-OPEN INTEREST: FLAT VOLUME: UP-(1765-780.4).
TRADING: UP-STEADY-SUPPORT@TREND-MID(1394-1432)-NET SELLING-HIGHER DISTINCT LOW.
TARGETS: (1352 (1394-1492)1470-COMMERCIAL FLAT/SHORT-NONCOMMERCIAL FLAT/LONG.

WHEAT (ZWU22)/DEC: WORLD ENDING STOCKS-22/23-DOWN 101.10MMT.
TRENDS: PRICE: UP/LESS-OPEN INTEREST: UP-VOLUME FLAT-(1363.4-386.4).  
TRADING: UP-LOST MOMENTUM-ON TREND-CLOSE DOWN@895-NET SELLING.
TARGETS: 850(881-911)942 COMMERCIAL LESS LONG-NON COMM LESS SHORT.

DOLLAR (D6U22)/DEC                  
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: FLAT-VOLUME: DOWN-(8321-6820).
TRADING: FLAT-LOST MOMENTUM-ABOVE TREND-SELLING-MET RESISTANCE@7351.
TARGETS: 7437(7351-7265)7180-COMMERCIAL NOW LONG-NON COMM LESS LONG.

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