Wednesday, November 09, 2022

major grains-cadusd-trends-trading-targets-nov09/2022-wed

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 1468MMT 
TRENDS: PRICE: FLAT/RANGE-OPEN INT: UP-VOL: UP (300.2-776.6).
TRADING:  DOWN-LOST VOLATILITY-NET SELLING-TESTED LOW OF RANGE@661.
TARGETS: (714(687-661)653-COMMERCIAL MORE/SHORT-NONCOMMERCIAL MORE/LONG.

SOYS (ZSF23)/JAN: WORLD ENDING STOCKS-21/22-DOWN 536MMT 
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: DOWN-(1765-780.4).
TRADING: .FLAT-GAINED VOLATILITY-NET BUYING-BELOW TREND-SUPPORT@1432.
TARGETS: (1509(1470-1432)1394-COMMERCIAL MORE/SHORT-NONCOMM MORE/LONG.

WHEAT (ZWH23)/MAR: WORLD ENDING STOCKS-21/22-DOWN 1434MMT.
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: UP VOLUME: UP-(1363.4-386.4).  
TRADING: DOWN-STEADY VOLATILITY-ON TREND-MET SUPPORT ABOVE 841.
TARGETS: 901(871-841)812 COMMERCIAL MORE LONG-NONCOMMERCIAL-MORESHORT.

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

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