Thursday, November 16, 2023

major grains-cadusd-trends-traded-targets-nov16/2023-thur.

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

CORN (ZWH23)MAR: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP. VOLUME/DOWN.
TRADED: DOWN-ON TREND-MID(492-470) AS SUPPORT-NET BUYING-FLAT/MOMENTUM.
TARGETS: 515(492-470)448 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF23)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/FLAT. VOLUME/UP.
TRADED: DOWN-ABOVE TREND/1351 AS SUPPORT-SELLING-GAINED/MOMENTUM.
TARGETS: 1315(1351-1388)1442 COMMERCIALS-MORE/SHORT. NON COMMS-MORE/LONG.

WHEAT (ZWH23)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP. VOLUME/UP.
TRADED: DOWN-TESTED TREND-571 AS SUPPORT-NET SELLING-LOST/MOMENTUM.
TARGETS: 547(571-595)619 COMMERCIALS-LESS/LONG. NON COMMS-LESS/SHORT.

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

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