Friday, November 24, 2023

major grains-cadusd-trends-traded-targets-nov24/2023-fri.

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/UP(MODERATE) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-ON TREND-SUPPORT@476-SELLING-GAINING/MOMENTUM.
TARGETS: 1291(1328-1388)1424 COMMS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/11.42MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-TESTED TREND-SUPPORT@1328-SELLING-FLAT/MOMENTUM.
TARGETS: 1291(1328-1388)1424 COMMS-MORE/SHORT. NON COMMS-MORE/LONG.

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

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-FLAT. VOLUME/UP.
TRADED: UP-ON TREND-SUPPORT@7313-NET BUYING-GAINED/MOMENTUM.
TARGETS: 7322(7313-7398)7484 COMMS-MORE/LONG. NON COMMS-MORE0/SHORT.

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