Monday, October 23, 2023

major grains-cadusd-trends-traded-targets-oct23/2023-mon.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-TRENDLINE-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN-BELOW TREND-SUPPORT@490-CLOSE DOWN-LOST/MOMENTUM.
TARGETS: 468(490-512)534 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSF24)JAN(NEW): WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN-ON TREND-SUPPORT MID(1328-1291)CLOSE DOWN-FLAT/MOMENTUM.
TARGETS: 1365(1328-1291)1255 COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

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

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: FLAT-ON TREND-SUPPORT/CLOSE UP-ABOVE 7304-FLAT/MOMENTUM.
TARGETS:  7215(7304-7390)7477 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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