Wednesday, November 01, 2023

major grains-cadusd-trends-traded-targets-nov01/2023-wed.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-TRENDLINE-TARGET-TRADING-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: CLOSE LOWER-SUPPORT@474-(LOW OF FLAT RANGE)-GAINED/MOMENTUM.
TARGETS: 516(492-470)448 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSN23)JAN: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: CLOSE UP IN FLAT MOVE OFF TREND-MID(1328-1291)-LOST/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: PRICEDOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: FLAT-BELOW TREND-TESTED/CLOSE UP@561/RESISTANCE-LOST/MOMENTUM.
TARGETS: 586(561-537)514 COMMERCIALS-LESS/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/UP.
TRADED: CLOSE DOWN/BELOW TREND/RESISTANCE@7218-LOST/MOMENTUM.
TARGETS: 7304(7218-7133)7048 COMMERCIALS-MORE/LONG NON COMMS-FLAT/SHORT.

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