Tuesday, March 28, 2023

major grains-cadusd-trends-traded-targets-mar28/2023-tues,

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 923MMT 
Trends: price: up-open interest: down-volume: down.
TRADED: UP/MOVE UP-ABOVE TREND-MID(640-665)-CLOSE FL;AT-LOST MOMENTUM.
TARGETS: 640(665-691)715-COMMERCIALS LESS LONG-NON COMMERCIALS/MORE LONG

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: DOWN-VOLUME: UP
TRADED: MOVE UP/SHARP-BUYING-BELOW TREND-MID(1493-1454)-GAINED MOMENTUM.
TARGETS:(1532(1493-1454)1416-COMMERCIALS/MORE SHORT-NON COMMS/MORE LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME DOWN-(1363.4-386.4).  
traded: flat-move up-below trend-tested/close@699-lost momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/LESS LONG-NON COMMERCIALS-LESS SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: UP.
TRADED: UP-BUYING-TESTED RESISTANCE/CLOSE UP-MID(7395-7309)-MOMENTUM/STEADY.
TARGETS: 7481(7395-7309)7224-COMMERCIALS/MORE LONG-NON COMMERCIALS-MORE SHORT.

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