Thursday, February 16, 2023

major grains-cadusd-trends-trading-targets-feb16/2023-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS; LINES JOINING DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN)
TRADED: MOVE-ACTIVITY-TRENDLINE-TARGET-MOMENTUM
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZCK23/MAY: WORLD ENDING STOCKS-22/23-DOWN 1100MMT 
TRENDS: PRICE FLAT CONSOLIDATION-O/I: UP-VOL/UP.
TRADED: DOWN-NET BUYING@LOWS-MID(662-688)-LOST MOMENTUM.
TARGETS: 637(662-688)714-COMMITMENTS-NO REPORT.

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 10203MMT 
TRENDS: PRICE: UP/LESS-OPEN INTEREST: UP-VOLUME: FLAT.
TRADED: FLAT-NET BUYING-ON TREND-SUPPORT@LOWS-LOST MOMENTUM.
TARGETS: (1454(1493-1532)1571/NEW-COMMITMENTS-NO REPORT.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 736MMT.
TRENDS: PRICE: UP/SHARP-OPEN INTEREST: UP VOLUME: DOWN-(1363.4-386.4).  
TRADED: DOWN-NET SELLING-TESTED TREND-ABOVE 766-LOST MOMENTUM.    
TARGETS: 709(766-794)822-COMMITMENTS-NO REPORT.

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: FLAT MOVE-OPEN INTEREST: FLAT-VOLUME: UP (8321-6820).
TRADED: FLAT-NET SELLING-BELOW TOP/RESISTANCE@7478-LOST MOMENTUM.
TARGETS: 7306(7392-7478)7564-COMMITMENTS-NO REPORT

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