Friday, October 13, 2023

major grains-cadusd-trends-traded-targets-oct13/2023-fri.

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 (ZWZ23DEC: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: FLAT/CLOSE DOWN-ON TREND-MET SUPPORT@490-LOST/MOMENTUM.
TARGETS: 468(490-512)534 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX23NOV: WORLD ENDING STOCKS-23/24-UP/13.73MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: FLAT-CLOSE/DOWN-ON TREND/SUPPORT@1279-LOST/MOMENTUM.
TARGETS: 1352(1315-1279)1243 COMMERCIALS-NOW/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/UP VOLUME/UP.
TRADED: UP/CLOSE/UP-ABOVE TREND-MET RESISTANCE@586-LOST/MOMENTUM.
TARGETS: 611(586-561)537-COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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

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