Thursday, March 23, 2023

major grains-cadusd-trends-trading-targets-mar 23/2023/thur.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS; LINES JOINING DISTINCT LOWS (UP)/DISTINCT HIGHS (DOWN
TRADING: 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-open interest: down-volume: up.
TRADING: UP-NET SELLING-ON TREND-MET RESISTANCFE@637-GAINED MOMENTUM.
TARGETS: 662(637-612)587-COMMERCIALS/NOW LONG-NON COMMERCIALS/LESS LONG

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: DOWN-VOLUME: UP.
TRADING: MOVE DOWN-SELLING-BELOW TREND-SUPPORT@1416-GAINED MOMENTUM.
TARGETS:(1493(1454-1416)1378-COMMERCIALS/LESS SHORT-NON COMMS/LESS LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE: DOWN/LESS-NEW-OPEN INTEREST: UP-VOLUME DOWN-(1363.4-386.4).  
trading: flat-net selling-below trend-met resistance@670-lost momentum.    
TARGETS: 697(670-644)619-COMMERCIALS/LESS LONG-NON COMMERCIALS-LESS SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE: DOWN/LESS-OPEN INTEREST: DOWN-VOLUME: UP.
TRADING: UP-NET BUYING-BELOW TREND-ABOVE RESISTANCE@7309-STEADY MOMENTUM.
TARGETS: 7395(7309-7224)7138-COMMERCIALS/LESS LONG-NON COMMERCIALS-MORE SHORT.

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