Friday, May 12, 2023

major grains-cadusd-trends-traded-targets-may11/2023.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 11.06MMT .
TRENDS: price: up open interest-down volume-down
TRADED: FLAT MOVE/SELLING-ON SUPPORT@TREND/580-LOST 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-UP VOLUME-UP
TRADED: MOVE DOWN/NET BUYING-BELOW TREND-SUPPORT@1386-GAINED 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/SELLING-TESTED/CLOSE BELOW TREND@628-LOST MOMENTUM

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

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE: UP(GRADUAL) OPEN INTEREST-FLAT VOLUME-DOWN
TRADED: DOWN/SELLING-ABOVE TREND/7397-CLOSE DOWN-GAINED MOMENTUM.
TARGETS: 7311(7397-7482)7568`-COMMERCIALS-MORE LONG  NON COMMERCIALS-MORE SHORT.

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