Thursday, September 14, 2023

major grains-cadusd-trends-traded-targets-sep14/2023-thur.

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/14.52MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: UP/CLOSE UP-ON TREND-ABOVE RESISTANCE@480-LOST/MOMENTUM.
TARGETS: 513(490-468)446.COMMERCIALS FLAT/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/UP.
TRADED: UP/TESTED-CLOSE UP ABOVE TREND/1352- LOST/MOMENTUM.
TARGETS: 1427(1390-1352)1315 COMMERCIALS-LESS /SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/CLOSE DOWN-ON TREND+SUPPORT@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: MOVE UP-TESTED/CLOSE UP ABOVE TREND/7383-STEADY/MOMENTUM.
TARGETS: 7555(7469-7383)7292 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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