Thursday, September 07, 2023

major grains-cadusd-trends-traded-targets-sep07/2023-thur.

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/DOWN.
TRADED: FLAT/CLOSE FLAT-ABOVE TREND/FIRM SUPPORT@480-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(LESS) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN-ON/DOWNSIDE TREND-SUPPORT ABOVE 1352-GAINED/MOMENTUM.
T.ARGET: 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/FLAT VOLUME/DOWN.
TRADED: UP/CLOSE DOWN-MOVE FLAT-OFF TREND-MID(611-586)-LOST/MOMENTUM.
TARGETS: 637(611-586)561 COMMERCIALS-MORE/LONG NON COMMERCIALS-MORE/SHORT.

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

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