Friday, November 10, 2023

major grains-cadusd-trends-traded-targets-nov09/2023-thur.

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

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: DOWN-ABOVE TREND-SUPPORT/CLOSE@468-STEADY/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSF23)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/UP. VOLUME/DOWN.
TRADED: DOWN-ABOVE TREND-CLOSE BELOW SUPPORT@1351-GAINED/MOMENTUM.
TARGETS: 1388(1351-1315)1291 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: DOWN-ABOVE TREND-TESTED/CLOSE BELOW 586-GAINED/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP. VOLUME/FLAT.
TRADED: FLAT-ABOVE TREND-CLOSE FLAT@LOW-MID(7304-7218)-STEADY/MOMENTUM.
TARGETS: 7390(7304-7218)7133 COMMERCIALS-MORE/LONG NON COMMS-FLAT/SHORT.

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