Monday, August 21, 2023

major grains-cadusd-trends-traded-targets-aug21/2023-mon

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/LESS) OPEN INTEREST/UP VOLUME/UP.
TRADED: REVERSAL/DOWN-UPSIDE TREND-MET SUPPORT/MID(490-468)-GAINED/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG NON COMMS-NOW/SHORT

SOYS (ZSX23NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT
TRENDS: PRICE/UP(HIGHER) OPEN INTEREST/DOWN VOLUME/FLAT
TRADED: MOVE UP/STEEP-CLOSE UP BELOW TREND/RESISTANCE@1375-MOMENTUM/STEADY.
TARGETS:(1303(1339-1375)1412 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/FLAT
TRADED: UP-TESTED-CLOSE/DOWN ON TREND-SUPPORT MID(637-611)-MOMENTUM/STEADY.
TARGETS: 663(637-611)586 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UPSIDE TREND-NET SELLING-MET SUPPORT/CLOSE FLAT@7383-GAINED/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-NOW/LONG NON COMMS-MORE/LONG.

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