Monday, November 13, 2023

major grains-cadusd-trends-traded-targets-nov13/2023-mon.

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

CORN (ZWH24)MAR:(NEW) WORLD ENDING STOCKS-23/24-UP/15-77MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP. VOLUME/DOWN.
TRADED: UP-TESTED/CLOSE UP ABOVE TREND/SUPPORT@476-GAINED/MOMENTUM.
TARGETS: 520(498-476)454 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/UP. VOLUME/DOWN.
TRADED: UP-ABOVE TREND-RESISTANCE BELOW 1388-CLOSE UP-GAINED/MOMENTUM.
TARGETS: 1291(1328-1388)1442 COMMERCIALS-MORE/SHORT. NON COMMS-MORE/LONG.

WHEAT (ZWH24)MAR:(NEW)  WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/UP. VOLUME/DOWN.
TRADED: DOWN-ABOVE TREND-RESISTANCE@/CLOSED UP/ABOVE 595-GAINED/MOMENTUM.
TARGETS: 571(595-619)644 COMMERCIALS-LESS/LONG. NON COMMS-FLAT/SHORT.

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

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