Thursday, November 23, 2023

major grains-cadusd-trends-trading-targets-nov22/2023-wed.

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

CORN (ZWH24)MAR: WORLD ENDING STOCKS-23/24-UP/15.77MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-UP. VOLUME-UP.
TRADED: MOVE FLAT-ABOVE TREND-RESISTANCE@498-SELLING.
TARGETS: 455(476-498)520. LOST MOMENTUM.
POSITIONS: COMMS-MORE/LONG. NON COMMS-MORE/SHORT.

SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: DOWN/TESTED TREND-SUPPORT@1351-SELLING.
TARGETS: 1328(1351-1388)1424. FLAT MOMENTUM
POSITIONS: 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/TESTED TREND-SUPPORT MID(595-571) OFFSET SELLING.
TARGETS: 620(595-571)547. FLAT MOMENTUM.
POSITIONS: COMMS-LESS/LONG. NON COMMS-LESS/SHORT.

DOLLAR (D6Z24)/DEC:
TRENDS: PRICE/DOWN. OPEN INTEREST/FLAT. VOLUME/FLAT.
TRADED: FLAT-TREND AS SUPPORT-7304 AS RESISTANCE-BUYING.
TARGETS: 7390(7304-7218)7133. LOST MOMENTUM.
POSITIONS: COMMS-MORE/LONG. NON COMMS-MORE/SHORT.

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