Monday, April 10, 2023

major grains-cadusd-cadusd-trends-trading-targets-april10/2023-mon.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADING
TRENDS: (UP)-DISTINCT HIGHER LOWS-(DOWN)-DISTINCT LOWER HIGHS
TRADED: MOVE-ACTIVITY-TRENDLINE-TARGET-MOMENTUM
TARGETS: PROJECTED PRICE POINTS OF RESISTANCE/SUPPORT.

CORN (ZCN23/JUL: WORLD ENDING STOCKS-22/23-DOWN 923MMT +
TRENDS: price/up-(reversal)-open interest/flat-volume/up.
TRADED: BUYING-FLAT ABOVE TREND-RESISTANCE/CLOSE@631-GAINED 
MOMENTUM.
TARGETS: 582(606-631)656-COMMERCIALS/MORE SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE/DOWN-(STEEP)-OPEN INTEREST/DOWN-VOLUME/DOWN
TRADED: SELLING-OFF TREND-TESTED/CLOSE BELOW SUPPORT@1493-LOST MOMENTUM.
TARGETS:(1571 (1532-1493)1454-COMMERCIALS/MORE SHORT-NON COMMS/MORE LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE/DOWN(SHARP)-OPEN INTEREST/FLAT-VOLUME/FLAT-(1363.4-386.4).  
traded: net buying-flat/below trend-mid(697-670)-gained momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/LESS LONG-NON COMMERCIALS-MORE SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE/UP-SHARP-OPEN INTEREST/DOWN-VOLUME/DOWN.
TRADED: MOVE FLAT-NET SELLING-BELOW TREND-TESTED/CLLOSE ABOVE 7392-STEADY MOMENTUM.
TARGETS: 7311(7392-7482)7568`-COMMERCIALS-LESS LONG  NON COMMERCIALS-MORE SHORT.

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