Friday, February 24, 2023

major grains-cadusd-trends-trading-targets-feb24/2023-fri.

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-open interest: up-volume: up
TRADED: SELLING-TESTED/CLOSE BELOW TREND-MID(662-637)-LOST MOMENTUM.
TARGETS: 686(662-637)612-COMMITMENTS-REPORT BEING UPDATED.

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 10203MMT 
TRENDS: PRICE: UP-OPEN INTEREST: UP-VOLUME: UP.
TRADED: SELLING-TESTED/CLOSE BELOW TREND-MID(1493-1532)-GAINED MOMENTUM.
TARGETS: (1454(1493-1532)1571-COMMITMENTS-REPORT BEING UPDATED.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 736MMT.
TRENDS: PRICE: DOWN-OPEN INTEREST: UP VOLUME: UP-(1363.4-386.4).  
traded: selling-tested/close below trend/724-gained momentum.    
TARGETS: 752(724-697)670-COMMITMENTS-REPORT BEING UPDATED.

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP (8321-6820).
TRADED: NET SELLING-DOWNSIDE TREND-MID(7395-7309)-GAINED MOMENTUM.
TARGETS: 7481(7395-7309)7224-commitments-report being updated.

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