Thursday, October 19, 2023

major grains-cadusd-trends-traded-targets-oct19/2023-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/14.52MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP-TESTED/CLOSE-UP ABOVE TREND-MID(490-512)-GAINED/MOMENTUM.
TARGETS: 468(490-512)534 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/CLOSE UP-ON/UPSIDE TREND-MID(1303-1339)-GAINED/MOMENTUM.
TARGETS: 1267(1303-1339)1375 COMMERCIALS-FLAT/SHORT NON COMMS-FLAT/LONG.

WHEAT (WZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST.DOWN VOLUME/UP.
TRADED: UP-CLOSE UP-ON TREND-NEW HIGH/MID(577-602)-GAINED/MOMENTUM.
TARGETS: 553(577-602)633 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN-CLOSE/DOWN-BELOW TREND/7304-LOST/MOMENTUM.
TARGETS: 7390(7304-7218)7133 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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