Monday, September 18, 2023

major grains-cadusd-trends-traded-targets-sep18/2023-mon.

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/UP.
TRADED: DOWN/CLOSE DOWN-ON TREND/SUPPORT@1315-GAINED/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/DOWN(LESS SHARP) OPEN INTEREST/FLAT VOLUME/UP.
TRADED: DOWN/CLOSE DOWN-BELOW TREND-ON SUPPORT@1315-GAINED/MOMENTUM.
TARGETS: 1390(1352-1315)1272 COMMERCIALS-FLAT/SHORT NON COMMS-LESS/LONG.

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

DOLLAR (D6Z23)/DEC(NEW)
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/UP.
TRADED: UP/CLOSE UP-ABOVE TREND-@RESISTANCE MID(7398-7484)-STEADY/MOMENTUM.
TARGETS: 7313(7398-7484)7570 COMMERCIALS-MORE/LONG NON COMMS-MORE SHORT.

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