Saturday, September 30, 2023

major grains-cadusd-trends-traded-targets-sept29/2023-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/FLAT CONSOLIDATION OPEN INTEREST/FLAT VOLUME/UP.
TRADED: DOWN-SELLING-TESTED TREND-MET SUPPORT@474 LOWS-GAINED/MOMENTUM.
TARGETS: 512(490-468)446 COMMERCIALS-MORE/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: DOWN-SELLING-ON/DOWNSIDE TREND-TO BELOW 1279-GAINED/MOMENTUM.
TARGETS: 1315(1279-1243)1208 COMMERCIALS-LESS/SHORT NON COMMS-LESS/LONG.

WHEAT (ZWNZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/8.52MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP.
TRADED: DOWN-SELLING-TESTED/TREND-TO SUPPORT UPSIDE 537-GAINED/MOMENTUM.
TARGETS: 586(561-537)514-COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6Z23)/DEC
TRENDS: PRICE/DOWN(GRADUAL) OPEN INTEREST/FLAT VOLUME/UP.
TRADED: DOWN-NET SELLING-ON TREND-TO SUPPORT/DOWNSIDE 7390-GAINED/MOMENTUM.
TARGETS: 7477(7390-7304)7218 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

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