Friday, November 03, 2023

major grains-cadusd-trends-traded-targets-nov03/2023-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-ACTIVITY-TRENDLINE-TARGET-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/FLAT.
TRADED: UP/NET BUYING-ON TREND-SUPPORT@468-CLOSE UP-GAINED/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF23)JAN: WORLD ENDING STOCKS-23/24-UP/13.73MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP. VOLUME/UP.
TRADED: UP/BUYING-ABOVE TREND-RESISTANCE@1351-GAINED/MOMENTUM
TARGETS: 1291(1328-1351)1365 COMMERCIALS-LESS/SHORT. NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-DOWN. VOLUME/DOWN.
TRADED: UP/NET BUYING-ON TREND-RESISTANCE MID(586-561)-GAINED/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN-(MODERATE) OPEN INTEREST/DOWN. VOLUME/FLAT.
TRADED: UP/NET BUYING-ABOVE TREND-RESISTANCE BELOW 7390-GAINED/MOMENTUM.
TARGETS: 7477(7390-7304)7218 COMMERCIALS-MORE/LONG. NON COMMS-FLAT/SHORT.

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