Wednesday, October 19, 2022

Major grains-cadusd-trends-trading-targets-oct19/2022-wed.

MARKETS: PRICE SUPPLY/DEMAND-DURING ACTIVITY 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 FORMATION-OPEN INT: DOWN-VOL: DOWN (300.2-776.6).
TRADING: FLAT-MID FORMATION-SUPPORT MID(687.-661)-CLOSE DOWN-STEADY ACTIVITY.
TARGETS: (714(687-661)635-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSX22)/NOV: WORLD ENDING STOCKS-21/22-DOWN 767MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN-(1765-780.4).
TRADING: DOWN ABOVE/PARALLEL TO TREN D-MET SUPPORT@1357-CLOSE FLAT-LESS ACTIVE.
TARGETS: (1470(1432-1394)1357-COMMERCIAL LESS/SHORT-NONCOMM LESS/LONG.

WHEAT (ZWU22)/DEC: WORLD ENDING STOCKS-21/22-DOWN 1439MMT.
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: FLAT-VOLUME: FLAT-(1363.4-386.4).  
TRADING: FLAT-CLOSE DOWN ON TREND ABOVE 836-NET SELLING-LESS ACTIVE-.
TARGETS: 895(865-836)807 COMMERCIAL NOW LONG-NONCOMMERCIAL-NOW SHORT.

DOLLAR (D6U22)/DEC                  
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: FLAT-ON/CLOSE DOWN BELOW TREND/7265-NET SELLING-LESS ACTIVE.
TARGETS: 7351(7265-7180)7095-COMMERCIAL MORE LONG-NON COMM-MORE SHORT.

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