Thursday, March 16, 2023

major grains-cadusd-trends-trading-targets-mar16/2023-thur.

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: down/sharp-open interest: down-volume: up.
TRADED: MOVE UP-BUYING-ABOVE TREND TO RESISTNCE@637-STEADY MOMENTUM.
TARGETS: 662(637-612)587-COMMITMENTS-REPORT BEING UPDATED.

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: DOWN-VOLUME: UP.
TRADED: DOWN-NET SELLING-BELOW TREND/1493-STEADY MOMENTUM.
TARGETS: (1571(1532-1493)1454-COMMITMENTS-REPORT BEING UPDATED.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME DOWN-(1363.4-386.4).  
traded: down-net selling-on trend-tested/close@697-steady momentum.    
TARGETS: 752(724-697)670-COMMITMENTS-REPORT BEING UPDATED.

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: DOWN.
TRADED: FLAT-NET BUYING-ON TREND-BELOW 7309-LOST MOMENTUM.
TARGETS: 7395(7309-7224)7138-commitments-report being updated.

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