Friday, October 20, 2023

major grains-cadusd-trends-traded-targets-oct20/2023-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-TRENDLINE-TARGET-ACTIVITY-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/NEAR FLAT.
TRADED: UP-ON TREND-ABOVE SUPPORT@490-CLOSE DOWN-FLAT/MOMENTUM.
TARGETS: 534(512-490)468 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/DOWN.
TRADED: UP-ON TREND-MET RESISTANCE@1303-CLOSE DOWN-GAINED/MOMENTUM.
TARGETS: 1375(1339-1303)1267 COMMERCIALS-MORE SHORT NON COMMS-MORE LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP-ON TREND-ABOVE SUPPORT@577-CLOSE DOWN-GAINED/MOMENTUM.
TARGETS: 633(602-577)553 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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

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