Wednesday, March 29, 2023

major grains-cadusd-trends-traded-targets-mar29/2023-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 923MMT 
Trends: price: up-open interest: down-volume: up.
TRADED: MOVE UP-NET BUYING-ABOVE TREND-MID(640-655)-MOMENTUM/GAINED.
TARGETS: 614(640-665)691-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: DOWN
TRADED: MOVE UP/-BUYING-BACK ON TREND-RESISTANCE-MID(1493-1454)-MOMENTUM/LOST.
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 UP-(1363.4-386.4).  
traded: move up-net buying-on trend-met resistance@724-momentum/gained.    
TARGETS: 752(724-697)670-COMMERCIALS/LESS LONG-NON COMMERCIALS-LESS SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: FLAT.
TRADED: MOVE UP-NET BUYING-ABOVE TREND BELOW 7395-MOMENTUM/LOST.
TARGETS: 7481(7395-7309)7224-COMMERCIALS/MORE LONG-NON COMMERCIALS-MORE SHORT.

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