Friday, September 08, 2023

major grains-cadusd-trends-traded-targets-sep08/2023-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/13.13MMT.
TRENDS: PRICE/DOWN(LESS SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: FLAT/CLOSE DOWN-OFF TREND-SUPPORT MID(516-493)-MORE MOMENTUM.
TARGETS: 539(516-493)470  COMMERCIALS-FLAT/LONG NON COMM-MORE/SHORT.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/16.31MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: DOWN/CLOSE UP-BELOW TREND-ON SUPPORT@1352-LESS/MOMENTUM.
TARGETS:(11427(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/FLAT.
TRADED: DOWN/CLOSE DOWN-OFF TREND-RESISTANCE MID(611-586)-LESS/MOMENTUM.
TARGET:  637(611-586)561 COMMERCIALS-LESS/LONG NON COMMS-LESS/SHORT.

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

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