Wednesday, August 02, 2023

major grains-cadusd-trends-traded-targets-aug02/2023-wed.

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/UP VOLUME/UP
TRADED: DOWN-RESISTANCE@TREND-SUPPORT MID(513-490)-GAINED/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-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/UP
TRADED: DOWN-MET RESISTANCE@1352/SUPPORT ABOVE 1315-GAINED/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/UP
TRADED: MOVE DOWN-ABOVE TREND-MET SUPPORT MID(658-682)-GAINED/MOMENTUM
TARGETS: 633(658-682)709 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT

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

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