Wednesday, September 13, 2023

major grains-cadusd trends-traded-targets-sep13/2023-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/14.32MMT.
TRENDS: PRICE/DOWN(BELOW MODERATE) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: FLAT/ON TREND-TESTED RESISTANCE/CLOSE UP@480-LOST/MOMENTUM.
TARGETS: 516(493-470)448 COMMERCIALS-FLAT/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.36MMT. 
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/FLAT VOLUME/UP.
TRADED: DOWN/CLOSE UP-BELOW TREND-MET RESISTANCE@1532-LOST/MOMENTUM.
TARGETS: 1390(1352-1315)1279 COMMERCIALS-LESS/SHORT NON COMMS.-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52 MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/FLAT.
TRADED: UP/CLOSE UP-ON TREND-MET RESISTANCE MID(611-586)-LOST MOMENTUM.
TARGETS: 637(611-586)561 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/CLOSE DOWN-ABOVE TREND-RESISTANCE@7383-LOST/MOMENTUM.
TARGETS: 74890(7383-7297)7211 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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