Tuesday, September 12, 2023

major grains-cadusd-trends-traded-targets-sep12/2023-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 (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/13.13MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN/CLOSE DOWN-ON TREND-BELOW SUPPORT@480-GAINED/MOMENTUM.
TARGETS: 516(493-470)448 COMMERCIALS-FLAT/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/FLAT VOLUME/UP.
TRADED: DOWN-TESTED/CLOSE DOWN BELOW TREND/1352-GAINED/MOMENTUM.
TARGETS:(1375(1352-1315)1279 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/3.30MMT.
TRENDS: PRICE/UP(LESS SHARP) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN/CLOSE UP-BELOW TREND-TESTED RESISTANCE@586-GAINED/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(LESS MODERATE) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/CLOSE UP-ABOVE TREND-MET RESISTANCE@7383-LOST/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

No comments:

Google+