Friday, October 21, 2022

major grains-cadusd-trends-trading-targets-oct21/2022-fri.

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-STEADY-MID FORMATION-687 AS RESISTANCE-CLOSE IN OFFSET.
TARGETS: (714(687-661)635-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

SOYS (ZSF23)/JAN: WORLD ENDING STOCKS-21/22-DOWN 767MMT 
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: UP-VOLUME: DOWN-(1765-780.4).
TRADING: MOVE UP-BELOW TREND-TESTED/CLOSE UP ABOVE 1394-NET BUYING-..
TARGETS: (1470(1432-1394)1357-COMMERCIAL FLAT/SHORT-NONCOMM FLAT/LONG.

WHEAT (ZWH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 1439MMT.
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: UP-VOLUME: FLAT-(1363.4-386.4).  
TRADING: FLAT-MORE ACTIVE-ABOVE TREND-TESTED 871/RESISTANCE-IN OFFSET.
TARGETS: 901(871-842)812 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORE SHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME: UP-(8321-6820).
TRADING: MOVE FLAT-TESTED RESISTANCE@TREND/7265-CLOSE UP-HIGHER.
TARGETS: 7351(7265-7180)7095-COMMERCIAL LESS LONG-NON COMM-LESS SHORT.

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