Wednesday, October 12, 2022

major grains-cadusd-trends-trading-targets-oct12/2022-wed.

MARKETS: PRICE SUPPLY/DEMAND-BY VOLATILITY 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-21/22-UP 1423MMT 
TRENDS: PRICE: FLAT OPEN INTEREST:DOWN-VOLUME:UP (300.2-776.6).
TRADING: IN CHANNEL-RESISTANCE@TOP/MID (714-687)-GAINED VOLATILITY.
TARGETS: (741(714-687)661-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

SOYS (ZSX22)/NOV: WORLD ENDING STOCKS-21/22-DOWN 767MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: UP-(1765-780.4).
TRADING: MOVE UP-ON/CLOSE UP ABOVE TREND-MID(1432-1394)-GAINED VOLATILITY
TARGETS: (1470(1432-1394)1357-COMMERCIAL LESS/SHORT-NONCOMM LESS/LONG.

WHEAT (ZWU22)/DEC: WORLD ENDING STOCKS-21/22-DOWN 1439MMT.
TRENDS: PRICE: UP/LESS-OPEN INTEREST: LOWER-VOLUME: DOWN-(1363.4-386.4).  
TRADING: MOVE/CLOSE BELOW TREND-SUPPORT MID(895-865)-LOST VOLATILITY.
TARGETS: 881(911-942)973 COMMERCIAL NOW SHORT-NONCOMMERCIAL-NOW LONG.

DOLLAR (D6U22)/DEC                  
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: FLAT/MOVE DOWN BELOW TREND-RESISTANCE@7265-LOST VOLATILITY.
TARGETS: 7351(7265-7180)7095-COMMERCIAL LESS LONG-NON COMM-MORE SHORT.

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