Tuesday, September 19, 2023

major grains-cadusd-trends-traded-targets-sep22/2023-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/14.52MMT.
TRENDS: PRICE/DOWN OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/CLOSE DOWN-ON TREND@468/SUPPORT-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/UP VOLUME/DOWN.
TRADED: DOWN/CLOSE FLAT-BELOW TREND@1315/SUPPORT-LOST/MOMENTUM.
TARGETS: 1390(1352-1315)1279 COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWNZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST-UP VOLUME/DOWN.
TRADED: DOWN/CLOSE DOWN-ABOVE TREND@586/SUPPORT-LOST/MOMENTUM.
TARGETS: 637(611-586)561 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: UP/CLOSE UP-ON TREND-RESISTANCE@7484-GAINED/MOMENTUM.
TARGETS: 7313(7398-7484)7570 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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