Saturday, August 19, 2023

major grains-cadusd-trends-traded-targets-aug18/2023-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(LESS) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: TESTED/CLOSE UP ON TREND-ABOVE RESISTANCE@490-GAINED/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-MORE/LONG NON COMM-NOW/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/FLAT.
TRADED: UP/SHARP-ABOVE TREND-RESISTANCE MID(1339-1375)-GAINED/MOMENTUM.
TARGETS: 1303(1339-1375)1412-COMMSERCIALS-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/DOWN.
TRADED: UP/MOVE DOWN-OFF TREND-TESTED/CLOSE UP ABOVE 637-GAINED/MOMENTUM.
TARGETS: 690(663-637)611-COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN-ON TREND-TESTED SUPPORT/CLOSE FLAT@7383-GAINED/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-NOW LONG NON COMMS-MORE/SHORT.

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