Tuesday, April 11, 2023

major grains-cadusd-trends-traded-targets-apr11/2023-tues.

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 11.06MMT +
TRENDS: price/up-open interest/up-volume/up.
TRADED: UP-NET SELLING-BELOW TREND-TESTED/CLOSE BELOW 631-LOST 
MOMENTUM.
TARGETS: 582(606-631)656-COMMERCIALS/MORE SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSN23)/JUL(NEW): WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE/DOWN-(STEEP)-OPEN INTEREST/UP-VOLUME/UP
TRADED: UP-NET BUYING-ON TREND-ABOVE SUPPORT@1458-GAINED MOMENTUM.
TARGETS:(1421 (1458-1497)1537-COMMERCIALS/MORE SHORT-NON COMMS/MORE LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE/DOWN(SHARP)-OPEN INTEREST/FLAT-VOLUME/FLAT-(1363.4-386.4).  
traded: down-selling-below trend-close above support@670-gained momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/LESS LONG-NON COMMERCIALS-MORE SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE/UP-SHARP-OPEN INTEREST/UP-VOLUME/UP.
TRADED: UP-BUYING-ON TREND-ABOVE SUPPORT@7392-STEADY MOMENTUM.
TARGETS: 7311(7392-7482)7568`-COMMERCIALS-LESS LONG  NON COMMERCIALS-MORE SHORT.

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