Tuesday, August 01, 2023

major grains-cadusd-trends-traded-targets-aug01/2023-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 (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/17.82MMT.
TRENDS: PRICE/DOWN(STEEP) OPEN INTEREST/FLAT VOLUME/DOWN
TRADED: CLOSE DOWN BELOW RESISTANCE@TREND/513-LOST/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIAL-NOW/SHORT NON COMMS-MORE/LONG.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/DOWN(STEEP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: CLOSE UP/ON TREND-SUPPORT@OLD LOW+MID(1352-1315)-LOST/MOMENTUM
TARGETS: 1390(1352-1315)1279-COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.78MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/UP VOLUME/DOWN
TRADED: TESTED/CLOSE DOWN BELOW SUPPORT@TREND/682-LOST/MOMENTUM
TARGETS: 633(658-682)709 COMMERCIALS-LESS/LONG NON COMMERCIALS-LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: TESTED/CLOSE DOWN BELOW TREND-ABOVE 7501-STEADY/MOMENTUM.
TARGETS: 7414(7501-7588)7675-COMMERCIALS-MORE/SHORT NON COMMS-MORE LONG.

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