Friday, April 21, 2023

major grains-cadusd-trends-traded-targets-apr21/2023-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/down(new)-open interest/up-volume/up
TRADED: DOWN/SHARP-SELLING-BELOW TREND-MID(624-599)-STEADY/
MOMENTUM.
TARGETS: 649(624-599)575-COMMERCIALS/MORE SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE-DOWN/SHARP(NEW)-OPEN INTEREST/UP-VOLUME/UP
TRADED: DOWN/SELLING-DOWNSIDE TREND-MET SUPPORT@1445-GAINED MOMENTUM.
TARGETS:(1523 (1482-1445)15761407-COMMERCIALS/MORE SHORT-NON COMMS/LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE/DOWN(STEEP)-OPEN INTEREST/UP-VOLUME/UP-(1363.4-386.4).  
traded: down/steep-downside trend-above 665-lost momentum.    
TARGETS: 719(692-665)639-COMMERCIALS/MORE LONG-NON COMMERCIALS-FLAT SHORT

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

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