Thursday, October 13, 2022

major grains-cadusd-trends-trading-targets-oct13/2022-thur.

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 CHANNE-OPEN INT:DOWN-VOL:UP (300.2-776.6).
TRADING: FLAT-RESISTANCE PREVAILS@TOP/MID(714-687)-CLOSE UP-NET BUYING.
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: DOWN-(1765-780.4).
TRADING: FLAT-ON/UPSIDE TREND-TESTED RESISTANCE/CLOSE FLAT@1394-NET BUYING.
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: DOWN-TESTED/CLOSE BELOW TREND/895-SELLING-LOST VOLATILITY.
TARGETS: 881(911-942)973 COMMERCIAL NOW SHORT-NONCOMMERCIAL-NOW LONG.

DOLLAR (D6U22)/DEC                  
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: LOWER-VOLUME: UP-(8321-6820).
TRADING: FLAT-SUPPORT@7180-TESTED TREND/RESISTANCE@7265-NET BUYING.
TARGETS: 7351(7265-7180)7095-COMMERCIAL LESS LONG-NON COMM-MORESHORT.

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