Saturday, October 01, 2022

major grains-cadusd-trends-trading-targets-sept30/2022-

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: DOWN-VOLUME-UP-(782.6-300.2)
TRADING: UP-MOVE FLAT-TOP MID(687-714)-BOTTOM@661-GAINED MOMENTUM-ON TREND.
TARGETS: (741(714-687)661-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

SOYS (ZSX22)/NOV: WORLD ENDING STOCKS-22/23-UP 11.68MMT 
TRENDS: PRICE: UP-OPEN INTEREST: DOWN VOLUME: UP-(1765-780.4).
TRADING: DOWN-FIRM MOMENTUM-TESTED-CLOSE WELL BELOW TREND ABOVE 1357-SELLING.
TARGETS: (1357 (1394-1432)1470-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

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

DOLLAR (D6U22)/DEC                  
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-STEADY-UPSIDE TREND-TESTED/CLOSE BELOW 7265-SELLING.
TARGETS: 7437(7351-7265)7180-COMMERCIAL MORE LONG-NON COMM NOW SHORT.

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