Monday, November 20, 2023

major grains-cadusd-trends-traded-targets-nov20/2023-mon.

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 (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP. VOLUME-FLAT.
TRADED: DOWN-ABOVE TREND-BELOW RESISTANCE@492-NET BUYING-LESS/MOMENTUM.
TARGETS: 515(492-470)448 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: UP/REVERSAL-ON TREND-RESISTANCE MID(1351-1388)-BUYING-MORE/MOMENTUM.
TARGETS: 1315(1351-!388)1424 COMMERCIALS-MORE/SHORT. NON COMMS-MORE/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/DOWN(STEEP)/NEW OPEN INTEREST-UP. VOLUME/DOWN.
TRADED: DOWN-ON TREND-LOW/CLOSE@571-SELLING-CONTRACT LOW-LESS/MOMENTUM.
TARGETS: 620(595-571)547 COMMERCIALS-LESS/LONG. NON COMMS-LESS/SHORT.

CAD/USD DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-UP, VOLUME-DOWN.
TRADED: UP-ON TREND/7304 AS RESISTANCE-OFFSET SELLING-FLAT/MOMENTUM.
TARGETS: 7390(7304-7218)7133 COMMERCIALS-MORE LONG. NON COMMS-MORE/SHORT.

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