Tuesday, October 24, 2023

major grains-cadusd-trends-traded-targets-oct24/2023-tues.

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 (ZWNZ23)DEC: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: DOWN-ON TREND-490RESISTANCE-CLOSE DOWN-GAINED/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSF23)JAN: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN-ON TREND-MID(1383-1291)/RESISTANCE-CLOSE UP-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(STEEP) OPEN INTEREST/UP VOLUME/FLAT.
TRADED: DOWN-OFF TREND-577/RESISTANCE-CLOSE DOWN-FLAT/MOMENTUM.
TARGETS: 29(553-577)602 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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

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