Wednesday, October 04, 2023

major grains-cadusd-trends-traded-targets-oct04/2023-wed.

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

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/FLAT (IN RANGE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: FLAT/CLOSE UP/FLAT-RESISTANCE@TOP/513-GAINED/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(MORESO) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: UP/CLOSE DOWN/FLAT-RESISTANCE@TREND/1279-LOST/MOMENTUM.
TARGETS: 1315(1279-1243)1208 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: CLOSE DOWN@561-SUPPORT@TREND/MID(RANGE)-MOMENTUM/FLAT.
TARGETS: 586(561-537)514 COMMERCIALS-MORE/LONG NON COMMS MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE/LOWER) OPEN INTEREST/UP VOLUME/FLAT.
TRADED: DOWN/CLOSE DOWN-ABOVE TREND-RESISTANCE@7304-GAINED/MOMENTUM.
TARGETS: 7390(7304-7218)7133 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

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