Monday, April 03, 2023

major grains-cadusd-trends-trading-targets-apr03/2023-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(NEW): WORLD ENDING STOCKS-22/23-DOWN 923MMT 
TRENDS: price/up-more-open interest/up-volume/down.
TRADED:  UP-SELLING-ABOVE TREND/631-CLOSE ABOVE LOW-LOST MOMENTUM.
TARGETS: 606(631-656)682-COMMERCIALS NOW SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSK23)/MAY: WORLD ENDING STOCKS-22/23-UP 303MMT 
TRENDS: PRICE/UP-STEEP(NEW)-OPEN INTEREST/DOWN-VOLUME/DOWN
TRADED: UP-NET BUYING-ABOVE TREND-TESTED/CLOSE BELOW 1525-LOST 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/DOWN-(1363.4-386.4).  
traded: flat-selling-on trend-close below trend/697-steady momentum.    
TARGETS: 724(697-670)644-COMMERCIALS/MORE LONG-NON COMMERCIALS-LESS SHORT

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

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