Thursday, August 24, 2023

major grains-cadusd-trends-traded-targets-aug24/2023-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
TRADED: MOVE-TRENDLINE-ACTIVITY-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/UP VOLUME/UP
TRADED: UP-ABOVE TREND-MET RESISTANCE@490+OLD LOWS-STEADY/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(SHARP) OPEN INTEREST/FLAT VOLUME/DOWN
TRADED: MOVE FLAT/FROM TREND-MET RESISTANCE@OLD HIGHS/1375-LOST/MOMENTUM.
TARGETS: 1303(1339-1375)1412 COMMERCIALS-LESS SHORT NON COMMS-LESS/LONG.

WHEAT (ZWNZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.70MMT.
TRENDS: PRICE/DOWN(STEEP) OPEN INTEREST/DOWN VOLUME/FLAT
TRADED: FLAT/ON TREND-MET RESISTANCE+CLOSE BELOW/633-LOST/MOMENTUM.
TARGETS: 658(633-602)577 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 RESISTANCE@7383-LOST/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-NOW/LONG NON COMMS-MORE/SHORT.

No comments:

Google+