Thursday, October 27, 2022

major grains-cadusd-trends-trading-targets-oct27/2022-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING 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 CHANNEL-OPEN INT: UP-VOL: DOWN (300.2-776.6).
TRADING: DOWN-MORE VOLATILITY-FLAT IN CHANNEL-RESISTANCE@687/HIGHS.
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: UP-(1765-780.4).
TRADING: FLAT-LESS VOLATILITY-DOWNSIDE TREND-TESTED/CLOSE IN OFFSET@1394-.
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: UP-MORE VOLATILITY-RESISTANCE@871-CLOSE DOWN BELOW TREND.
TARGETS: 901(871-841)812 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORESHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: UP-LESS VOLATILITY-ABOVE TREND-RESISTANCE@LAST HIGH-OFFSET.
TARGETS: 7524(7437-7351)7265-COMMERCIAL LESS LONG-NON COMM-LESS SHORT.

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