Tuesday, May 16, 2023

major grains-cadusd-trends-traded-targets-may16/2023-tues.

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 (ZWN23)JUL: WORLD ENDING STOCKS-23/24-UP/71.994MMT.
TRENDS: PRICE-UP OPEN INTEREST-DOWN VOLUME-DOWN
TRADED: DOWN/SELLING-ON TREND-SUPPORT@580 PREVAILED-LOST/MOMENTUM.
TARGETS: 556(580-605)634-COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-23/24-UP/21.46MMT 
TRENDS: PRICE-DOWN(STEEP) OPEN INTEREST-UP VOLUME-UP
TRADED: DOWN/SELLING-TESTED SUPPORT@TREND/1369-GAINED/MOMENTUM.
TARGETS:(1407(1369-1332)1295-COMMERCIALS LESS SHORT-NON COMMS LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/1.94MMT.
TRENDS: PRICE-UP OPEN INTEREST-DOWN VOLUME-DOWN.
TRADING: UP-NET SELLING-TESTED/CLOSE BELOW TREND/653-LOST/MOMENTUM
TARGETS: 603(628-653)679-COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE: UP(GRADUAL) OPEN INTEREST-FLAT VOLUME-UP
TRADED: UP/SELLING-ABOVE TREND-RESISTANCE BELOW 7482 HELD-LOST/MOMENTUM.
TARGETS: 7311(7397-7482)7568`-COMMERCIALS-LESS LONG  NON COMMERCIALS-LESS SHORT.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.


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