Friday, April 28, 2023

major grains-cadusd-trends-traded-targets-apr28/2023-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-open interest up-volume down
TRADED: CLOSE DOWN-NET SELLING-MET RESISTANCE@TREND/632-LOST MOMENTUM
.
TARGETS: 649(624-599)575-COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE-UP (NEW)-OPEN INTEREST FLAT-VOLUME-UP
TRADED: REVERSAL UP-MOVE UP-TESTED/CLOSE BELOW 1420-GAINED MOMENTUM.
TARGETS:(1349(1386-1420)1458-COMMERCIALS LESS SHORT-NON COMMS LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE/DOWN(STEEP)-OPEN INTEREST/UP-VOLUME/FLAT-(1363.4-386.4).  
traded: down-buying-support@trend-resistance@639-lost momentum.    
TARGETS: 692(665-639)614-COMMERCIALS MORE LONG-NON COMMERCIALS MORE SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE UP(NEW)-OPEN INTEREST/UP-VOLUME/UP
TRADED: REVERSAL UP-ABOVE TREND-RESISTANCE@7392-GAINED MOMENTUM.
TARGETS: 7226(7311-7392)7482`-COMMERCIALS-LESS LONG  NON COMMERCIALS-LESS SHORT.

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