Wednesday, October 11, 2023

major grains-cadusd-trendss-traded-targets-oct11/2023-wed.

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/DOWN.
TRADED: FLAT/CLOSE UP-BELOW TREND-RESISTANCE@490-GAINED/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: FLAT/TESTED CLOSE DOWN-BELOW TREND-SUPPORT@1243-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/DOWN.
TRADED: DOWN/CLOSE DOWN-UPSIDE TREND-RESISTANCE@561-LOST/MOMENTUM.
TARGETS: 586(561-537)514 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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

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