Monday, October 24, 2022

major grains-cadusd-trends-trading-targets-oct24/2022-mon.

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-STEADY-MET RESISTANCE@687-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: DOWN-STEADY-BELOW TREND-TESTED SUPPORT@1394/CLOSE MID(1394-1357)..
TARGETS: (1432(1394-1357)1320-COMMERCIAL FLAT/SHORT-NONCOMM FLAT/LONG.

WHEAT (ZWH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 1439MMT.
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: FLAT-VOLUME: FLAT-(1363.4-386.4).  
TRADING: FLAT-OFF TREND-LESS ACTIVE-TESTED/CLOSE DOWN MID(871-842).
TARGETS: 901(871-842)812 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORESHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: DOWN-OPEN INTEREST: FLAT-VOLUME: DOWN-(8321-6820).
TRADING: UP-LESS ACTIVE-ABOVE TREND-FULL(7351-7265)-CLOSE DOWN.
TARGETS: 7437(7351-7265)7180-COMMERCIAL LESS LONG-NON COMM-LESS SHORT.

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