Thursday, November 17, 2022

major grains-cadusd-trends-trading-targets-nov17/2022-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: LINES: DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN).
TRADED: MOVE-TREND LINE-TARGET-ACTIVITY-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZCK23/MAY: WORLD ENDING STOCKS-21/22-UP 1468MMT 
TRENDS: PRICE: DOWN-OPEN INT: DOWN-VOL: FLAT(300.2-776.6).
TRADED: LOWER-ABOVE TREND-TESTED SUPPORT@659-SELLING-GAINED MOMENTUM.
TARGETS: (712(685-659)633-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 536MMT 
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: DOWN-VOLUME: FLAT-(1765-780.4).
TRADING: LOWER-ABOVE REVISED TREND-BELOW 1431-NET SELLING-LOST MOMENTUM.
TARGETS: (1469(1431-1393)1356-COMMERCIAL MORE/SHORT-NONCOMM MORE/LONG.

WHEAT (ZWH23)/MAY: WORLD ENDING STOCKS-21/22-DOWN 1434MMT.
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP VOLUME: DOWN-(1363.4-386.4).  
TRADING: LOWER-ON TREND-SUPPORT MID(837-808)-NET SELLING-LOST MOMENTUM.    
TARGETS: 866(837-808)780 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORESHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: FLAT-(8321-6820).
TRADING: LOWER-ABOVE TREND-TESTED SUPPORT MID(7524-7437)-BUYING-LOST MOMENTUM.
TARGETS: 7351(7437-7524)7611-COMMERCIAL FLAT LONG-NON COMM-FLAT SHORT.

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