Wednesday, May 10, 2023

major grains-cadusd-trends-traded-targets-may10/2023-wed.

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: up open interest-up volume-up
TRADED: UP/BUYING-ON UPSIDE TREND/SUPPORT@580-GAINED MOMENTUM
.
TARGETS: 556(580-605)634-COMMERCIALS NOW LONG-NON COMMERCIALS NOW SHORT

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE-UP(SHARP) OPEN INTEREST-DOWN VOLUME-FLAT
TRADED: MOVE DOWN-BELOW TREND-SUPPORT MID(1386-1420)-LOST MOMENTUM.
TARGETS:(1349(1386-1420)1458-COMMERCIALS LESS SHORT-NON COMMS LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE: UP(LESS) OPEN INTEREST-DOWN VOLUME-DOWN.

TRADING: DOWN/NET BUYING-ON REVISED TREND-SUPPORT@628-LOST MOMENTUM

TARGETS: 603(628-653)679-COMMERCIALS MORE LONG-NON COMMERCIALS MORE SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE: UP(STEEP) OPEN INTEREST-DOWN VOLUME-DOWN
TRADED: FLAT/NET SELLING-OFF/BESIDE TREND-MET RESISTANCE@7482-GAINED MOMENTUM.
TARGETS: 7311(7397-7482)7568`-COMMERCIALS-MORE LONG  NON COMMERCIALS-MORE SHORT.

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