Thursday, August 10, 2023

major grains-cadusd-trends-traded-targets-aug10/2023-thur.

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(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: MOVE FLAT/CLOSE HIGHER-BESIDE TREND-SUPPORT@490-LOST/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-MORE/SHORT NON COMMS-MORE LONG.

SOYS (ZSX23)NOIV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/FLAT VOLUME/DOWN
TRADED: FLAT-BESIDE TREND-CLOSE UP ABOVE RESISTANCE@1315-GAINED/MOMENTUM
TARGETS:(1390(1352-1315)1279 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.78MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: FLAT-CLOSE UP-BESIDE TREND-SUPPORT@662-LOST/MOMENTUM
TARGETS: 717(690-662)637 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: UP-CLOSE FLAT-MET RESISTANCE@7469-GAINED/MOMENTUM.
TARGETS: 77556(7469-7383)7207 COMMERCIALS-MORE SHORT NON COMMS-MORE/LONG.

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