Tuesday, May 02, 2023

major grains-cadusd-trends-traded-targets-may01/2023-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 down-open interest up-volume down
TRADED: UP-BUYINGON TREND/RESISTANCE-ABOVE 575-STEADY 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-OPEN INTEREST FLAT-VOLUME-DOWN
TRADED: UP-BUYING-OM TREND/RESISTANCE-CLOSE ABOVE 1420-LOST MOMENTUM.
TARGETS:(1386(1420-1458)1495-COMMERCIALS LESS SHORT-NON COMMS LESS LONG.

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

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE UP-OPEN INTEREST/UP-VOLUME/DOWN
TRADED: FLAT-BUYING-OFF TREND-NEW HIGH@7392-LOST MOMENTUM.
TARGETS: 7226(7311-7392)7482`-COMMERCIALS-LESS LONG  NON COMMERCIALS-LESS SHORT.

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