Saturday, March 18, 2023

major grains-cadusd-trends-trading-targets-mar17/2023-fri.

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/moderate-open interest: down-volume: down.
TRADED: MOVE UP-NET BUYING-BELOW REVISED TREND-TESTED/CLOSE BELOW 637.
TARGETS: 662(637-612)587-COMMITMENTS-REPORT BEING UPDATED-(LOST MOMENTUM).

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: DOWN-VOLUME: UP.
TRADED: DOWN-NET SELLING-DOWNSIDE TREND-MID(1493-1454)-GAINED-MOMENTUM.
TARGETS: (1532(1493-1454)1416-COMMITMENTS-REPORT BEING UPDATED.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE: DOWN/LESS-NEW-OPEN INTEREST: DOWN-VOLUME UP-(1363.4-386.4).  
traded: up-buying-on trend-mid(724-697/support)-gained momentum.    
TARGETS: 752(724-697)670-COMMITMENTS-REPORT BEING UPDATED.

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: DOWN.
TRADED: UP-OFFSET BUYING-ON TREND-TESTED/CLOSE BELOW 7309-GAINED MOMENTUM.
TARGETS: 7395(7309-7224)7138-commitments-report being updated.

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