Tuesday, March 07, 2023

major grains-cadusd-trends-trading-targets-mar07/2023-tues.

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 1100MMT 
Trends: price: down/sharp-open interest: down-volume: down
TRADED: DOWN-NET SELLING-TREND/RESISTANCE-637/SUPPORT-STEADY MOMENTUM.
TARGETS: 686(662-637)612-COMMITMENTS-REPORT BEING UPDATED.

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 10203MMT 
TRENDS: PRICE: DOWN/SHARP-OPEN INTEREST: UNCH-VOLUME: DOWN.
TRADED: FLAT-NET SELLING-ON TREND/REVISED-MID(1532-1493)-LOST MOMENTUM.
TARGETS: (1571(1532-1493)1454-COMMITMENTS-REPORT BEING UPDATED.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 736MMT.
TRENDS: PRICE: DOWN/STEEP-OPEN INTEREST: UP-VOLUME UDOWN(1363.4-386.4).  
traded: down-net buying-on trend/support-close@697-lost momentum.    
TARGETS: 752(724-697)670-COMMITMENTS-REPORT BEING UPDATED.

DOLLAR (D6H23)/MAR                  
TRENDS: PRICE: DOWN-OPEN INTEREST: DOWN-VOLUME: UP (8321-6820).
TRADED: DOWN-SELLING-TESTED/CLOSE BELOW TREND/7309-GAINED MOMENTUM.
TARGETS: 395(7309-7224)7138-commitments-report being updated.

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