Tuesday, October 10, 2023

major grains-cadusd-trends-traded-targets-tues-oct10/2023-tues.

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/714.52MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN/CLOSE DOWN-BELOW TREND/RESISTANCE@490-LOST/MOMENTUM.
TARGETS: 446(468-490)513 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN (SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN/CLOSE UP-ON TREND-TESTED SUPPORT MID(1279-1243)-FLAT/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(LESS SHARP) OPEN INTEREST/DOWN VOLUME/FLAT.
TRADED: DOWN/CLOSE/DOWN-ON TREND-BELOW SUPPORT@561-GAINED/MOMENTUM.
TARGETS: 586(561-537)514 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/CLOSE FLAT-UNDER TREND-SUPPORT MID(7390-7304)-LOST/MOMENTUM.
TARGETS: 7477(7390-7304)7218 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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