Tuesday, September 05, 2023

major grains-cadusd-trends-traded-targets-sep05/2023-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/-13.13MMT.
TRENDS: PRICE/DOWN(LESS) OPEN INTEREST/UP VOLUME/UP.
TRADED: UP/CLOSE UP-ON TREND/FIRM SUPPORT MID(490-468)-GAINED/MOMENTUM.
TARGETS: 513(490-468)446. COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/CLOSE FLAT-BELOW TREND-NEXT SUPPORT 1352-LOST/MOMENTUM.
TARGET 1427(1390-1352)1315 COMMERCIALS-MORE/SHORT NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.70MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/DOWN.
TRADED: DOWN/CLOSE UP-OFF TREND-MET RESISTANCE MID(611-587)-LOST/MOMENTUM.
TARGETS: 637(611-586)561 COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

DOLLAR (D6U23)/SEP
TRENDS: PRICE/DOWN(MODERATE) OPEN INTEREST/UP VOLUME/UP
TRADED: DOWN/CLOSE DOWN-BELOW TREND-ABOVE SUPPORT@7297-LOST/MOMENTUM.
TARGETS: 7469(7383-7297)7211 COMMERCIAL-MORE/LONG NON COMMS-MORE/SHORT.

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