Friday, September 15, 2023

major grains-cad/usd-trends-traded-targets-sep15/2023-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/14.52MMT.
TRENDS: PRICE/DOWN OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN/CLOSE DOWN-ON TREND-SUPPORT/MID(490-468)-STEADY/MOMENTUM.
TARGETS: 513(490-468)446 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/FLAT VOLUME/DOWN.
TRADED: DOWN/CLOSE DOWN-ON TREND-BELOW SUPPORT@1352-GAINED/MOMENTUM.
TARGETS: 1390(1352-1315)1279 COMMERCIALS  NON COMMS-FLAT/SHORT.

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

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

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