Friday, August 25, 2023

major grains-cadusd-trends-traded-targets-aug25/2023-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/FLAT.
TRADED: FLAT/SUPPORT@TREND-RESISTANCE@OLD LOW+490-LOST/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/UP(LESS SHARP) OPEN INTEREST/UP VOLUME/FLAT.
TRADED: CLOSE UP/BELOW TREND-RESISTANCE/MID(1375-1412)-GAINED/MOMENTUM.
TARGETS: 1339(1375-1412)1449 COMMERCIALS MORE-SHORT NON COMMS-FLAT/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.70MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/FLAT VOLUME/FLAT.
TRADED: DOWN/ON SUPPORT@TREND/ABOVE 611-CLOSE DOWN-GAINED/MOMENTUM.
TARGETS: 663(637-611)586 COMMERCIALS-FLAT/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN OPEN INTEREST/UP VOLUME/FLAT.
TRADED: DOWN/UPSIDE TREND-SUPPORT MID(7383-7297)-STEADY/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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