Monday, October 09, 2023

major grains-cadusd-trends-traded-targets-oct09/2023-mon.

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(IN FLAT RANGE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN-NET SELLING-ON TREND-RESISTANCE@TOP-CLOSE BELOW 490-GAINED.
TARGETS: 446(468-490)512 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZWX23NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN/NET SELLING-ON TREND-SUPPORT MID(1279-1243)-LOST/MOMENTUM.
TARGET:(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: FLAT/SELLING-ABOVE TREND-SUPPORT MID(586-561)-LOST/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: UP/BUYING-BELOW TREND-RESISTANCE MID(7390-7304)-GAINED/MOMENTUM.
TARGETS: 7477(7390-7304)7218 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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