Monday, February 27, 2023

major grains-cadusd-trends-trading-targets-feb26/2023-mon.

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: down
TRADED: DOWN/STEEP-SELLING-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: DOWN/NEW-OPEN INTEREST: UP-VOLUME: DOWN.
TRADED: DOWN/STEEP-NET SELLING-ON TREND-MID(1493-1532)-LOST MOMENTUM.
TARGETS: (1571(1532-1493)1454-COMMITMENTS-REPORT BEING UPDATED.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 736MMT.
TRENDS: PRICE: DOWN-OPEN INTEREST: UP VOLUME: DOWN-(1363.4-386.4).  
traded: down/steep-net selling-above trend-mid(724-697)-lost momentum.    
TARGETS: 752(724-697)670-COMMITMENTS-REPORT BEING UPDATED.

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: DOWN-OPEN INTEREST: UP-VOLUME: UP (8321-6820).
TRADED: FLAT-NET BUYING-ON/DOWNSIDE TREND-HIGH IN(7395-7309)-LOST MOMENTUM.
TARGETS: 7481(7395-7309)7224-commitments-report being updated.

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