Wednesday, August 09, 2023

major grains-cadusd-trends-traded-targets-aug09/2023-wed.

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/DOWN
TRADED: FLAT MOVE-CLOSE DOWN-SUPPORT ON TREND/490-STEADY/MOMENTUM.
TARGETS: 531(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/UP VOLUME/DOWN
TRADED: UP-OFF TREND-TESTED/CLOSE FLAT BELOW 1315- LOST/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: MOVE FLAT-ABOVE TREND-MET RESISTANCE@682-GAINED/MOMENTUM
TARGETS: 633(758-682)709 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/DOWN
TRADED: FLAT-OFF TREND-MET RESISTANCE DOWNSIDE 7469-LOST/MOMENTUM.
TARGETS: 7556(7469-7383)7297 COMMERCIALS-MORE SHORT NON COMMS-MORE LONG.

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