Friday, April 14, 2023

major grains-cadusd-trends-traded-targets-apr14/2033-fri.

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/down
TRADED: UP/REVERSAL-BUYING-ABOVE TREND-CLOSE ABOVE 631-GAINED 
MOMENTUM.
TARGETS: 582(606-631)656-COMMERCIALS/LESS SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSN23)/JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE/DOWN-OPEN INTEREST/UP-VOLUME/DOWN
TRADED: DOWN-NET SELLING-BELOW TREND/1483-CLOSE DOWN-STEADY MOMENTUM.
TARGETS:(1522 (1483-1445)1407-COMMERCIALS/LESS SHORT-NON COMMS/LESS LONG.

WHEAT (ZWN23)JUL(NEW): WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE/DOWN-OPEN INTEREST/UP-VOLUME/DOWN-(1363.4-386.4).  
traded: up/reversal-buying-on trend-close@692-gained momentum.    
TARGETS: 719(692-666)640-COMMERCIALS/MORE LONG-NON COMMERCIALS-MORE SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE/UP-OPEN INTEREST/DOWN-VOLUME/UP.
TRADED: UP-NET SELLING-ON TREND-TESTED/CLOSE@7482-LOST MOMENTUM.
TARGETS: 7311(7392-7482)7568`-COMMERCIALS-MORE LONG  NON COMMERCIALS-MORE SHORT.

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