Tuesday, August 08, 2023

major grains-cadusd-trends-traded-targets-aug08/2023-tues.

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 (Zz23)DEC: WORLD ENDING STOCKS-23/24-UP/17.82MMT.
TRENDS: PRICE: DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: FLAT-ON TREND-FIRM SUPPORT@490-CLOSE UP-STEADY MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT.
TRENDS: PRICE:/DOWN(SHARP)-OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN-ON TREND-SUPPORT UPSIDE 1279-CLOSE UP-GAINED/MOMENTUM.
TARGETS: 1352(1315-1279)1243-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/DOWN.
TRADED: FLAT-ABOVE TREND-MET RESISTANCE@682-LOST/MOMENTUM
TARGETS: 633(658-682)709 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6X23)/SEP
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/UP
TRADED: DOWN-ON TREND-MET SUPPORT MID(7469-7383)-GAINED/MOMENTUM.
TARGETS: 7556(7469-7383)7297 COMMERCIALS-MORE SHORT NON COMMS MORE LONG.

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