Saturday, August 05, 2023

major grains-cadusd-trends-traded-targets-aug04/2023-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/17.82MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/FLAT
TRADED: FLAT/CLOSE UP-ON TREND-SUPPORT/UPSIDE 490-GAINED/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UP/CLOSE UP-TESTED RESISTANCE@TREND/1339-GAINED/MOMENTUM
TARGETS:(1267(1303-1339)1375 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

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

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/UP
TRADED: FLAT/CLOSE DOWN-ON TREND/SUPPORT@7469-GAINED/MOMENTUM.
TARGETS: 7649(7556-7469)7389 COMMERCIALS-FLAT/SHORT NON COMMS-FLAT/LONG.

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