Thursday, December 09, 2021

Major Grains-CADUSD-Trends.Traded.Targets-Dec09/2021-Thur

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

CORN (ZCZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 1.58MMT
TRENDS: PRICE: DOWN/DRIFT-OPEN INTEREST: FLAT-VOLUME: DOWN-/(302-758.2)
TRADING: UP-TESTED/CLOSED UP ABOVE RESISTANCE@588/TREND/MOVE-BUYING. 
TARGETS: (540(564-588)612)-COMMERCIAL LESS SHORT-NON COMM/LESS LONG.

SOYS (ZSF22)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 2.60MMT 
TRENDS: PRICE: UP/DRIFT-OPEN INTEREST: UP-VOLUME: UP RANGE(1667-791).
TRADING: UP/LOST MOMENTUM/RESISTANCE@TREND/MID(1256-1292)-BUYING-. 
TARGETS: (1221(1256-1292)1329)-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

WHEAT (ZWZ21)/MAR: WORLD ENDING STOCKS/(LESS CHINA)-21/22-UP 2.23MMT 
TRENDS: PRICE: DOWN/MORE-OPEN INTEREST: FLAT-VOLUME: FLAT-RANGE/(387-874.6). 
TRADING: DOWN/GAINED MOMENTUM/BELOW TREND/MID(814-786)/CLOSED DOWN.
TARGETS: 843(814-786)758-COMMERCIAL/LESS SHORT-NON COMM/LESS LONG.

DOLLAR (D6Z21)/DEC                    
TRENDS: PRICE: DRIFT/UP-OPEN INTEREST: DOWN-VOLUME: UP-RANGE/(8321-6820)
TRADING: DOWN/GAINED MOMENTUM/ABOVE TREND/TESTED/CLOSED BELOW 7875.
TARGETS: (7964(7875-7786)7697)-COMMERCIAL/NOW LONG-NON COMM/NOW SHORT 

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