Saturday, November 18, 2023

major grains-cadusd-trends-trading-targets-nov17/2023-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 (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: FLAT-ABOVE TREND-MID(492-470)/AS RESISTANCE-SELLING-LOST/MOMENTUM.
TARGETS: 515(492-470)448 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/14.80MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN-TESTED/TREND-1340 AS SUPPORT/CLOSE-SELLING-LOST/MOMENTUM.
TARGETS: 1279(1315-1351)1388 COMMERCIALS-MORE/SHORT. NON COMMS-MORE/LONG.

WHEAT (ZWH24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST-UP. VOLUME-DOWN.
TRADED: DOWN-BELOW TREND-571 AS SUPPORT-NET SELLING-LOST/MOMENTUM.
TARGETS: 547(571-595)619 COMMERCIALS-LESS/LONG. NON COMMS-LESS/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: FLAT-BELOW TREND-7304 AS RESISTANCE-BUYING-LOST/MOMENTUM.
TARGETS: 7390(7304-7218)7133 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

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