Thursday, March 30, 2023

major grains-cadusd-trends-traded-targets-mar30/2023-thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
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: SIDEWAYS-MOVE UP-SELLING-ABOVE TREND-MID(640-665)-LOST/MOMENTUM.
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: UP-MOVE UP-ON TREND-UPPER(1493-1454)-LOST/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: down from high-selling-tested/close below trend/697-lost/momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/LESS LONG-NON COMMERCIALS-LESS SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE/UP-SHARP/(NEW)-OPEN INTEREST/DOWN-VOLUME/FLAT.
TRADED: UP-BUYING-BREAKOUT ABOVE PREVIOUS HIGHS/7392-STEADY/MOMENTUM.
TARGETS: 7311(7392-7482)7568`-COMMERCIALS/MORE LONG-NON COMMERCIALS-MORE SHORT.

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