Friday, April 07, 2023

major grains-cadusd-trends-traded-targets-apr06/2023-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 923MMT +
TRENDS: price/down-(steep)-open interest/up-volume/down.
TRADED: 
SELLING-ON TREND-TESTED/CLOSE BELOW SUPPORT@624-LOST MOMENTUM.
TARGETS: 649(624-599)574-COMMERCIALS NOW SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE/DOWN-(STEEP)-OPEN INTEREST/DOWN-VOLUME/DOWN
TRADED: NET SELLING-ON TREND-TESTED/CLOSE@SUPPORT@1493-GAINED MOMENTUM.
TARGETS:(1571 (1532-1493)1454-COMMERCIALS/LESS SHORT-NON COMMS/LESS LONG.

WHEAT (ZWK23)/MAY: WORLD ENDING STOCKS-22/23-DOWN 425MMT.
TRENDS: PRICE/DOWN(SHARP)-OPEN INTEREST/DOWN-VOLUME/FLAT-(1363.4-386.4).  
traded: net selling-above trend-met/close above support@670-unch/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: FLAT-NET BUYING-OFF TREND-ABOVE 7392-CLOSE UP-LOST MOMENTUM.
TARGETS: 7311(7392-7482)7568`-COMMERCIALS-FLAT NON COMMERCIALS-FLAT.

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