Friday, October 28, 2022

major grains-cadusd-trends-trading-targets-oct28/2022-fri.

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:DOWN-VOL: DOWN (300.2-776.6).
TRADING: DOWN-MID CHANNEL-BELOW 687-LESS VOLATILITY-CLOSE LOWER-OFFSET.
TARGETS: (714(687-661)635-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

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

WHEAT (ZWH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 1439MMT.
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: FLAT VOLUME: DOWN-(1363.4-386.4).  
TRADING: DOWN ON TREND-MET SUPPORT@841-LESS VOLATILITY-NET SELLING.
TARGETS: 901(871-841)812 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORESHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: DOWN FROM RESISTANCE@LAST HIGH-SUPPORT@7351-NET SELLING.
TARGETS: 7524(7437-7351)7265-COMMERCIAL LESS LONG-NON COMM-LESS SHORT.

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