Wednesday, November 29, 2023

major grains-cadussd-trends-traded-targets-nov29/2023-wed.

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-UP. VOLUME-UP.
TRADED: FLAT ABOVE TREND-MET SUPPORT@470-NET BUYING-FLAT/MOMENTUM.
TARGETS: 515(492-470)448 COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

.SOYS (ZSF24)JAN: WORLD ENDING STOCKS-23/24-UP/14.20MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-DOWN. VOLUME-DOWN.
TRADED: UP-ON TREND-MET RESISTANCE@1351-OFFSET BUYING-LOST/MOMENTUM.
TARGETS: 1278(1315-1351)1388 COMMERCIALS-LESS/SHORT. NON COMMS-LESS/LONG.

WHEAT (ZWNZ24)MAR: WORLD ENDING STOCKS-23/24-DOWN/11.42MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-FLAT. VOLUME-DOWN.
TRADED: UP-ON TREND-MET RESISTANCE MID595-571-BUYING-LOST/MOMENTUM.
TARGETS: 625(595-571)547-COMMERCIALS-MORE/LONG. NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST-FLAT-DOWN. VOLUME-FLAT.
TRADED: UP-ON TREND-MET RESISTANCE@7398-NET SELLING-GAINED/MOMENTUM.
TARGETS: 7227(7313-7398)7484 COMMERCIALS-LESS/LONG. NON COMMS-LESS/SHORT.

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