Thursday, May 18, 2023

major grains-cadusd-trends-traded-targets-may18/2023-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 (ZWN23)JUL: WORLD ENDING STOCKS-23/24-UP/71.994MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN-BELOW TREND-TESTED SUPPORT@550-LOST/MOMENTUM.
TARGETS: 599(574-550)526-COMMERCIALS/LESS LONG-NON COMM/LESS SHORT

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

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/1.94MMT.
TRENDS: PRICE/DOWN(STEEP) OPEN INTEREST/UP VOLUME/UP.
TRADING: DOWN-ON TREND-TESTED/CLOSE BELOW 614-LOST/MOMENTUM
TARGETS: 639(614-589)565-COMMERCIALS/LESS LONG-NON COMMERCIALS/LESS SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN/CLOSE UP-ABOVE TREND-SUPPORT@7397-STEADY/MOMENTUM.
TARGETS: 7311(7397-7482)7568-COMMERCIALS/LESS LONG-NON COMMS/LESS SHORT.

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