Saturday, October 28, 2023

major grains-cadusd-trends-traded-targets-oct27/2023-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/DOWN(STEEP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: FLAT-CONSOLIDATION/LOW IN(496-474)-CLOSE UP-LOST/MOMENTUM.
TARGETS: 516(492-470)448 COMMERCIALS-MORE/LONG NON COMM-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/16.26MMT. 
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/UP VOLUME/UP.
TRADED: FLAT/CONSOLIDATION-ON TREND-IN(1328-1285)-CLOSE UP-GAINED/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(LESS) OPEN INTEREST/FLAT VOLUME/DOWN.
TRADED: UP-BELOW TREND-HIGH IN(586-560)-CLOSE DOWN-LOST/MOMENTUM.
TARGETS: 611(586-562)538 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

CAD/USD DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN-BELOW TREND-SUPPORT HELD@7218-CLOSE DOWN-GAINED/MOMENTUM.
TARGETS: 7390(7304-7218)7133 COMMERCIAL-MORE/LONG NON COMMS-FLAT/SHORT.

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