Thursday, November 03, 2022

major grains-cadusd-trends-trading-targets-nov03/2022-thur.

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 CHANNEL-OPEN INT: DOWN-VOL: DOWN (300.2-776.6).
TRADING: MOVE DOWN-MID CHANNEL SUPPORT-BELOW 687-SELLING-LESS ACTIVE .
TARGETS: (714(687-661)653-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSF23)/JAN: WORLD ENDING STOCKS-21/22-DOWN 767MMT 
TRENDS: PRICE: UP/NEW-OPEN INTEREST: FLAT-VOLUME: DOWN-(1765-780.4).
TRADING: DOWN-ON TREND-SUPPORT@1432-NET SELLING-STEADY-DISTINCT TOP.
TARGETS: (1394(1432-1470)1509-COMMERCIAL MORE/SHORT-NONCOMM MORE/LONG.

WHEAT (ZWH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 1439MMT.
TRENDS: PRICE: UP/NEW-STEEP-OPEN INTEREST: UP VOLUME: UP-(1363.4-386.4).  
TRADING: DOWN-ASIDE TREND-MET SUPPORT MID(871-841)-NET SELLING-LESS ACTIVE.
TARGETS: 901(871-841)812 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORESHORT.

DOLLAR (D6Z22)/DEC                  
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: UP-VOLUME: DOWN-(8321-6820).
TRADING: DOWN-ON REVISED TREND-SUPPORT@7265-OFFSET SELLING-LESS ACTIVE.
TARGETS: 7524(7437-7351)7265-COMMERCIAL LESS LONG-NON COMM-LESS SHORT.

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