Wednesday, August 30, 2023

major grain-cadusd=trends-traded-targets-aug30/2023-wed.

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

CORN (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/13.13MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/DOWN VOLUME/FLAT.
TRADED: DOWN-BELOW TREND-MET SUPPORT MID(490-468)-STEADY/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG NON COMM-LESS/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCK3/24-UP/16.31MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/BELOW TREND-MET SUPPORT MID(1375-1412)-GAINED MOMENTUM.
TARGETS: 1339(1375-1412)1449 COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.70MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP-FLAT.
TRADED: FLAT/ASIDE TREND-MET SUPPORT MID(611-586)-LOST/MOMENTUM.
TARGETS: 637(611-586)561 COMMERCIALS-FLAT/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST/FLAT VOLUME/FLAT.
TRADED: UP/OFF TREND-MET RESISTANCE@FLAT MOVE/7383-LOST/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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