Saturday, July 29, 2023

major grains-cadusd-trends-traded-targets-jul28/2023-fri.

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

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/17.82MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: CLOSE DOWN-TESTED TREND/SUPPORT@536-GAINED/MOMENTUM.
TARGETS: 560(536-513)490 COMMERCIALS-NOW SHORT NON COMMS-MORE LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/DOWN(STEEP)NEW OPEN INTEREST/UP VOLUME/DOWN
TRADED: CLOSE DOWNSIDE TREND-BELOW SUPPORT@1390-LOST/MOMENTUM
TARGETS:(1427(1390-1352)1315 COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.78MMT.
TRENDS: PRICE/(REVISED DOWN STEEP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: CLOSE DOWN-MET RESISTANCE@TREND-ABOVE 717-GAINED/MOMENTUM
TARGETS: 772(744-717)690 COMMERCIALS LESS/LONG-NON COMMS LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/FLAT
TRADED: CLOSE DOWN-MET SUPPORT@TREND/MID(7501-7588)-LOST/MOMENTUM.
TARGETS: 7414(7501-7588)7675 COMMERCIALS MORE SHORT-NON COMMS MORE LONG.

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