Monday, November 06, 2023

major grains-cadusd-trends-traded-targets-nov06/2023-mon.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-TRADING-TRENDLINE-TARGET-MOMENTUM.
TARGETS: MEASURED POTENTIAL PRICES-TRADER POSITIONS.                                                                                                                                                                                                                          CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/14.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: FLAT-OFFSET SELLING-ABOVE TREND/SUPPORT@471-LOST/MOMENTUM.
TARGETS: 516(493>471)449 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/13.13MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN. VOLUME/UP.
TRADED: UP-NET BUYING-ABOVE TREND-RESISTANCE MID(1351>1388)-LOST/MOMENTUM.
TARGETS: 1315(1351>1338)1425 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/9.42MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: MOVE UP-NET BUYING-ON TREND@RESISTANCE MID(586>561)-LOST/MOMENTUM.
TARGETS: 611(586>561)537 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: FLAT/MOVE UP-NET SELLING-ABOVE TREND/SUPPORT@7304-LOST/MOMENTUM.
TARGETS: 7477(7390>7304)7218 COMMERCIALS-MORE/LONG NON COMMS-FLAT/SHORT.

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