Friday, September 01, 2023

major grains-cadusd-trends-traded-targets-sep01/2023-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/13.13MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: BELOW TREND-SUPPORT@PREVIOUS LOWS/MID(490-468)-LOST/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSNZ23)DEC: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/FLAT.
TRADED: DOWN/BELOW TREND-SUPPORT MID(1390-1352)-LOST/MOMENTUM.
TARGETS: 1427(1390-1352)1315 COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.70MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: FLAT-NET SELLING/OFF TREND-SUPPORT MID(611-586)-LOST/MOMENTUM.
TARGETS: 6537(611-586)561 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6X23)/SEP
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/FLAT.
TRADED: DOWN/ON TREND-MET SUPPORT MID(7383-7297)-GAINED/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-FLAT/LONG NON COMMS-MORE/SHORT.

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