Monday, May 22, 2023

major grains-cadusd-trends-traded-targets-may22/2023-mon.

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: UP/BUYING-ON TREND-RESISTANCE@574-STEADY/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/DOWN VOLUME/UP
TRADED: FLAT/BUYING-ON/UPSIDE TREND-CLOSE ABOVE 1332/LOST 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/FLAT.
TRADING: DOWN/NET BUYING-ON/UPSIDE TREND-RESISTANCE@614-STEADY/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-NET SELLING-ABOVE TREND-SUPPORT@7397-LOST/MOMENTUM.

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