Thursday, October 05, 2023

major grains-cadusd-trends-traded-targets-oct05/2023-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/CLOSED UP-ON/TREND+TOP OF RANGE@496-GAINED/MOMENTUM.
TARGETS: 468(490-513)536 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/FLAT VOLUME/FLAT.
TRADED: DOWN/CLOSE UP ABOVE TREND+RESISTANCE@1279-GAINED/MOMENTUM.
TARGETS: 1315(1279-1243)1208 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/FLAT.
TRADED: UP/CLOSE UP-ABOVE TREND-RESISTANCE UNDER 586-GAINED/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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

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