Thursday, August 03, 2023

major grains-cadusd-trends-traded-targets-aug03/2023-thur.

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/17.82MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN/ALONG TREND-UPSIDE SUPPORT@490-LOST/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-NOW/SHORT NON COMMS-MORE LONG.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/FLAT VOLUME/DOWN
TRADED: FLAT-NET BUYING-OFF TREND-ABOVE SUPPORT@1315-LOST/MOMENTUM
TARGETS:(11390(1352-1315)1279 COMMERECIALS-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/ 2.78MMT
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/UP VOLUME/FLAT
TRADED: DOWN/OFFSET CLOSE-ON TREND/SUPPORT BELOW 658-LOST/MOMENTUM
TARGETS: 633(658-682)709 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

DOLLAR (DXM23)/SEP
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN-ON TREND-MET SUPPORT @PREVIOUS LOW/7469-LOST/MOMENTUM.
TARGETS: 7649(7556-7469)7383 COMMERCIALS-MORE SHORT NON COMMS-MORE LONG.

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