Friday, September 22, 2023

major grains-cadusd-trends-traded-targets-sep22/2023-friday.

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: FLAT/CLOSE UP-OFF TREND@RESISTANCE-MID(493-470)-LOST/MOMENTUM.
TARGETS: 516(493-470)448 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.26MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/CLOSE UP-OFF TREND@SUPPORT-MID(1315-1279)-LOST/MOMENTUM.
TARGETS: 1352(1315-1279)1243 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(LESS SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/CLOSE UP-DOWNSIDE TREND@586/RESISTANCE-LOST/MOMENTUM.
TARGETS: 611(586-561)537 COMMERCIALS-MORE/LONG NON COMMS.MORE/SHORT.

DOLLAR (D6Z23)/DEC:
TRENDS: PRICE/UP(FIRM) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: UP/CLOSE DOWN-BROADSIDE TREND@SUPPORT-MID(7398-7484)-STEADY/MOMENTUM.
TARGETS: 7313(7398-7484)7570 COMMERCIALS-LESS/LONG NON COMMS-MORE/SHORT.

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