Wednesday, September 06, 2023

major grains-cadusd-trends-traded-targets-sep06/2023-wed.

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/DOWN VOLUME/DOWN.
TRADED: CLOSE FLAT-ABOVE TREND+SUPPORT@480-RESISTANCE@490-LOST/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/DOWN VOLUME/UP.
TRADED: UP/CLOSE UP-ON TREND-TESTED/CLOSE ABOVE 1375-LOST/MOMENTUM.
TARGETS: 1390(1375-1352) 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: FLAT/OFF TREND-MET/CLOSE BELOW RESISTANCE@586-GAINED/MOMENTUM.
TARGETS: 611(586-561)537-COMMERCIALS-MORE/LONG NON COMMS-MORE/SHORT.

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

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