Wednesday, February 22, 2023

major grains-cadusd-trends-trading-targets-feb22/2023-wed.

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: DOWN(NEW)-OPEN INT: UP-VOL-DOWN
TRADED: LOWER-SELLING-ON TREND-BELOW 685-STEADY MOMENTUM.
TARGETS: 712(685-658)633-COMMITMENTS-NO REPORT.

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 10203MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: DOWN.
TRADED: UP-NET SELLING-ABOVE TREND/1532-RESISTANCE@HIGHS-STEADY.
TARGETS: (1493(1532-1571)1611/NEW-COMMITMENTS-NO REPORT.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 736MMT.
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: UP VOLUME: DOWN-(1363.4-386.4).  
TRADED: DOWN/STEEP-BELOW TREND-TESTED 752-LOST MOMENTUM.    
TARGETS: 808(780-752)724/NEW-COMMITMENTS-NO REPORT.

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: DOWN/NEW-OPEN INTEREST: DOWN-VOLUME: DOWN (8321-6820).
TRADED: DOWN/MOVE DOWN-SELLING-BELOW TREND/7397-LOST MOMENTUM.
TARGETS: 7484(7397-7311)7225/NEW-COMMITMENTS-NO REPORT

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