Monday, April 17, 2023

major grains-trends-traded-targets-apr17/2023-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/revised up-open interest/up-volume/flat
TRADED: UP/BUYING-MET RESISTANCE@TREND/SUPPORT@631-LOST 
MOMENTUM.
TARGETS: 631(656-682)708-COMMERCIALS/LESS SHORT-NON COMMERCIALS/MORE LONG

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE/DOWN-OPEN INTEREST/UP-VOLUME/FLAT
TRADED: UP/BUYING/MET RESISTANCE/CLOSE@TREND-ABOVE 1483-GAINED MOMENTUM.
TARGETS:(1522 (1483-1445)1407-COMMERCIALS/LESS SHORT-NON COMMS/LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE/UP(STEEP)-OPEN INTEREST/UP-VOLUME/FLAT-(1363.4-386.4).  
traded: up/buying-on trend-high below resistance@711-momentum steady.    
TARGETS: 658(684-711)738-COMMERCIALS/MORE LONG-NON COMMERCIALS-MORE SHORT

DOLLAR (D6M23)/JUN                  
TRENDS: PRICE/UP-OPEN INTEREST/DOWN-VOLUME/DOWN.
TRADED: DOWN/NET SELLING-ON/DOWNSIDE TREND-TESTED/CLOSE BELOW 7482-MOMENTUM STEADY.
TARGETS: 7311(7392-7482)7568`-COMMERCIALS-MORE LONG  NON COMMERCIALS-MORE SHORT.

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