Friday, November 18, 2022

major grains-cadusd-trends-trading-targets-nov18/2022-fri

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: DOWN(300.2-776.6).
TRADED: UP-FLAT MOVE-ABOVE TREND-LOW IN\(685-659)-SELLING-LOST MOMENTUM.
TARGETS: (712(685-659)633-COMMERCIAL LESS/SHORT-NONCOMMERCIAL LESS/LONG.

SOYS (ZSH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 536MMT 
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP-VOLUME: DOWN-(1765-780.4).
TRADING: FLAT ABOVE TREND-TESTED/CLOSE ABOVE1431-BUYING-LOST MOMENTUM.
TARGETS: (1469(1431-1393)1356-COMMERCIAL LESS/SHORT-NONCOMM LESS/LONG.

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

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: UP-OPEN INTEREST: DOWN-VOLUME: DOWN-(8321-6820).
TRADING: FLAT-ABOVE TREND-MID(7437-7524)-SELLING-GAINED MOMENTUM.
TARGETS: 7351(7437-7524)7611-COMMECIAL LESS LONG-NON COMM-LESS SHORT.

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