Monday, April 24, 2023

major grains-cadusd-trends-traded-targets-apr24/2023-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 11.06MMT .
TRENDS: price/down-open interest/up-volume/up
TRADED: DOWN/SELLING-BELOW TREND/SUPPORT-MID(624-599)-
MOMENTUM/LOST.
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-OPEN INTEREST/UP-VOLUME/UP
TRADED: DOWN/SELLING-BELOW TREND/SUPPORT-BELOW 1445-MOMENTUM/GAINED.
TARGETS:(1482(1445-1407)1369-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/selling-below trend-tested/close below 665-momentum/gained.    
TARGETS: 692(665-639)614-COMMERCIALS/MORE LONG-NON COMMERCIALS-FLAT SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE/DOWN-OPEN INTEREST/UP-VOLUME/DOWN
TRADED: DOWN/NET BUYING-TREND/7406 AS RESISTANCE-CLOSE UP-MOMENTUM/LOST.
TARGETS: 7493(7406-7320)7234`-COMMERCIALS-LESS LONG  NON COMMERCIALS-LESS SHORT.

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