Tuesday, August 22, 2023

major grains-cadusd-trends-traded-targets-aug22/2023-tues.

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/13.31MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/UP
TRADED: DOWN-SUPPORT@DISTINCT LOW/TREND/MID(490-468)-LOST/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG NON COMMS-NOW/SHORT

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: UP-RESISTANCE BELOW TREND/@1375-CLOSE UP-STEADY/MOMENTUM
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-ON TREND-TESTED/CLOSE BELOW RESISTANCE@637-LOST/MOMENTUM
TARGETS: 663(637-611)586 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: FLAT-OFF TREND-TESTED/CLOSE BELOW 7383-LOST/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-NOW/LONG NON COMMS-MORE/SHORT.

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