Monday, August 28, 2023

major grains-cadusd-trends-traded-targets-aug28/2023-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) OPEN INTERESTUP VOLUME/DOWN.
TRADED: MOVE UP-ABOVE TREND-SUPPORT@490-CLOSE UP-STEADY/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-MORE LONG NON COMMS MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/EXHAUSTION GAP-RESISTANCE@CROSSING TRENDS+1412-LOST/MOMENTUM.
TARGETS: 1339(1375-1412)1449 COMMERCIAL-MORE/SHORT NON COMMS-MORE /LONG.

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

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

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