Tuesday, August 29, 2023

major grains-caduad-trends-traded-targets-aug29/2023-tues.

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 (ZCZ23)DEC: WORLD ENDING STOCKS-23/24-UP/13.13MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN-OFF TREND-TESTED/CLOSE BELOW SUPPORT@490-GAINED/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/SELLING-BELOW TREND-SUPPORT MID(1375-1412)-STEADY/MOMENTUM.
TARGETS: 1339(1375-1412)1449 COMMERCIAL-MORE/SHORT NON COMMS-FLAT/LONG.

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

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

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