Thursday, October 12, 2023

major grains-cadusd-trends-traded-targets-oct12/2023-thur.

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/13.73MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/CLOSE UP-ON TREND-RESISTANCE MID(RANGE)-GAINED/MOMENTUM.
TARGETS: 468(490-512)534 (COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/CLOSE UP-SUPPORT@TREND-RESISTANCE MID (RANGE)-GAINED/MOMENTUM.
TARGETS: 1352(1315-1279)1243 COMMERCIALS-NEAR EVEN NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/9.42MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/UP VOLUME/UP.
TRADED: UP/CLOSE UP-UPSIDE TREND-RESISTANCE MID(586-581)-GAINED/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN/CLOSE DOWN-RESISTANCE@TREND-SUPPORT@7304-GAINED/MOMENTUM.
TARGETS: 7477(7390-7304)7218 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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