Thursday, August 31, 2023

major grains-cadusd-trends-traded-targets-aug31/2023-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 (ZCZ23)DEC: WORLD ENDING STOCKS-23/24-UP/13.13MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/ABOVE TREND-CLOSE BELOW/SUPPORT MID(490-468)-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/DOWN/NEW(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: MOVE DOWN-BELOW TREND-SUPPORT MID(1390-1352)-GAINED/MOMENTUM.
TARGETS:(1427(1390-1352)1315 COMMERCIALS-MORE/SHORT NON COMMS-FLAT/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.70MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: FLAT/ABOVE TREND-TESTED/SUPPORT MID(611-586)-GAINED/MOMENTUM.
TARGETS: 637(611-586)561 COMMERCIALS-FLAT/LONG NON COMMS-FLAT/SHORT

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

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