Friday, March 24, 2023

major grains-cadusd-trends-trading-targets-mar24/2023-fri.

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:flat.
TRADING: FLAT-NET BUYING-ON TREND-MET RESISTANCE@637/PREVIOUS HIGHS.
TARGETS: 662(637-612)587-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
TRADING: DOWN-NET BUYING-ON TREND-TESTED/CLOSE ABOVE 1416-LOST MOMENTUM.
TARGETS:(1493(1454-1416)1378-COMMERCIALS/MORE SHORT-NON COMMS/MORE LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE: DOWN/LESS-NEW-OPEN INTEREST: UP-VOLUME UP-(1363.4-386.4).  
trading: up-net buying-on trend-tested/close up below 697-gained momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/LESS LONG-NON COMMERCIALS-LESS SHORT

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

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