Wednesday, April 05, 2023

major grains-cadusd-trends-traded-targets-apr05/2023-wed.

MARKETS: PRICE SUPPLY/DEMAND-DURING MOMENTUM OF TRADIN
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 923MMT 
TRENDS: price/up-open interest/down-volume/unch.
TRADED:  DOWN-NET SELLING-ON TREND-M
ET RESISTANCE@631-GAINED MOMENTUM.
TARGETS: 582(606-631)656-COMMERCIALS NOW SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE/UP-STEEP-OPEN INTEREST/UP-VOLUME/UP
TRADED: FLAT-NET SELLING-ON TREND-MET RESISTANCE@1525-GAINED MOMENTUM.
TARGETS:(1448(1486-1525)1569-COMMERCIALS/LESS SHORT-NON COMMS/LESS LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE/DOWN-OPEN INTEREST/DOWN-VOLUME/UP-(1363.4-386.4).  
traded: down-net selling-below trend-mid(697-670)-gained momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/MORE LONG-NON COMMERCIALS-LESS SHORT

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

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