Friday, November 10, 2023

major grains-cadusd-trends-traded-targets-nov10/2023-fri.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING.
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS.
TRADED: MOVE-TRENDLINE-ACTIVITY-TARGET-CLOSE-MOMENTUM.
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: DOWN-BELOW TREND-MET RESISTANCE@468-CLOSE DOWN-LOST/MOMENTUM.
TARGETS: 490(468-46)425 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSF23)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: FLAT-ABOVE TREND-MET RESISTANCE BELOW 1351-CLOSE UP-LOST/MOMENTUM.
TARGETS: 1279(1315-1351)1388 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/DOWN. VOLUME/DOWN.
TRADED: DOWN-ABOVE TREND-BELOW RESISTANCE@586-CLOSE DOWN-LOST/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST/UP. VOLUME/DOWN.
TRADED: DOWN-UPSIDE TREND/SUPPORT@7218-CLOSE FLAT-STEADY/MOMENTUM.
TARGETS: 7390(7304-7218)7133 COMMERCIALS-MORE/LONG NON COMMS-FLAT/SHORT.

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