Saturday, August 12, 2023

major grains-cadusd-trends-traded-targets-aug11/2023-fri.

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(SHARP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: DOWN-ON TREND-TESTED/CLOSE BELOW SUPPORT@490-GAINED/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-NOW LONG NON COMMS-LESS/LONG.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/UP
TRADED: FLAT-OFF TREND-CLOSE DOWN BELOW 1315/SUPPORT-GAINED/MOMENTUM
TARGETS: 1352(1315-1279)1243-COMMERCIALS-LESS SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.70MMT. 
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP                                                                                              TRADED: MOVE DOWN-OFF/TREND-CLOSE BELOW SUPPORT@663-GAINED /MOMENTUM
TARGETS: 690(663-637)611 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRIC DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: CLOSE DOWN-BELOW FLAT MOVE/RESISTANCE@7469-GAINED/MOMENTUM.
TARGETS: 7556(7469-7383)7297 COMMERCIALS-LESS/SHORT NON COMMS-NOW/SHORT.

No comments:

Google+