Thursday, November 02, 2023

major grains-cadusd-trends-traded-targets-nov02/2023-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 (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN. VOLUME/UP.
TRADED: DOWN-RESISTANCE@TREND-SUPPORT@468-CLOSE DOWN-FLAT/MOMENTUM.
TARGETS: 513(490-468)446- COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/13.73MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP. VOLUME/UP.
TRADED: UP-ABOVE TREND-TESTED/CLOSE ABOVE RESISTANCE@1315-FLAT/MOMENTUM.
TARGETS: 1279(1315-1351)1388 COMMERCIAL-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/9.42MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/FLAT. VOLUME/FLAT.
TRADED: UP@TREND-TESTED/CLOSE ABOVE RESISTANCE@561-FLAT/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

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

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