Monday, October 16, 2023

major grains-cadusd-trends-traded-targets-oct16/2023-mon.

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/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN-CLOSE/DOWN-DOWNSIDE TREND-ON SUPPORT@490-FLAT/MOMENTUM.
TARGETS: 468(490-512) COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.76MMT.
TRENDS: PRICE/DOWN(LESS STEEP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: FLAT/CLOSE UP-ON TREND/1279 AS SUPPORT-LOST/MOMENTUM.
TARGETS: 1352(1315-1279)1243 COMMERCIALS-MORE SHORT NON COMMS-FLAT/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: MOVE UP-CLOSE DOWN-ABOVE TREND-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/DOWN VOLUME/DOWN.
TRADED: UP-CLOSE/UP-RESISTANCE@TREND/MID(7390-7304)-LOST/MOMENTUM.
TARGETS: 7237(7390-7304)721 COMMERCIALS-MORE/LONG NON COMMS-LESS/SHORT.

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