Tuesday, October 17, 2023

major grains-cadusd-trends-traded-targets-oct17/2023-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/14.52MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN-CLOSE/DOWN-BELOW TREND/490 AS RESISTANCE-GAINED/MOMENTUM.
TARGETS: 573(490-468)446 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX:NOV  WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: MOVE/CLOSE/UP-ABOVE TREND-MID(RANGE)RESISTANCE-GAINED/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/DOWN(MODERATE) OPEN INTEREST/DOWN VOLUME/FLAT.
TRADED: DOWN-CLOSE/DOWN-ON TREND-RESISTANCE MID(RANGE)-FLAT/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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

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