Thursday, April 20, 2023

major grains-cadusd-trends-traded-targets-apr20/2023-thur.

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-revised down-open interest/up-volume/up
TRADED: DOWN-SELLING-ON TREND-TESTED/CLOSE BELOW 631-GAINED/
MOMENTUM.
TARGETS: 606(631-656)682-COMMERCIALS/LESS SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE-UP/LESS-OPEN INTEREST/UP-VOLUME/UP
TRADED: DOWN/SHARP-ON NEW TREND-ABOVE SUPPORT@1458-MOMENTUM/STEADY.
TARGETS:(1458 (1497-1537)1576-COMMERCIALS/LESS SHORT-NON COMMS/LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE/UP(STEEP)-OPEN INTEREST/UP-VOLUME/UP-(1363.4-386.4).  
traded: down/sharp-net selling-off trend-close below 684-lost momentum.    
TARGETS: 658(684-711)738-COMMERCIALS/MORE LONG-NON COMMERCIALS-MORE SHORT

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

No comments:

Google+