Saturday, May 20, 2023

major grains-cadusd-trends-traded-targets-may19/2023-fri.

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/CLOSE BELOW 550-STEADY/MOMENTUM.
TARGETS: 574(550-526)503-COMMERCIALS/LESS LONG-NON COMM/LESS SHORT

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-23/24-UP/21.46MMT 
TRENDS: PRICE/DOWN(STEEP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN-ON/TREND-SUPPORT/LOW IN(1332-1295)-GAINED/MOMENTUM
TARGETS:(1369(1332-1295)1259-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/DOWN.
TRADING: DOWN-CLOSE/DOWN-ON/TREND-SUPPORT/MID(614-589)-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: FLAT-ABOVE TREND-TESTED/CLOSE FLAT@7397-LOST/MOMENTUM.
TARGETS: 7226(7311-7397)7482-COMMERCIALS/MORE LONG-NON COMMS/MORE SHORT.

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