Tuesday, May 23, 2023

major grains-cadusd-trends-traded-targets-may23/2023-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/DOWN(SHARP) OPEN INTEREST/FLAT VOLUME/DOWN
TRADED: MOVE UP/NET BUYING-TESTED/CLOSE UP ABOVE 574-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/FLAT VOLUME/DOWN
TRADED: FLAT/NET SELLING-OFF/TREND-SUPPORT/MID(1332-1295)-/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/FLAT VOLUME/FLAT.
TRADING: UP/NET BUYING-OFF/TREND-TESTED/CLOSE ABOVE 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: FLAT/NET BUYING-ON/TREND-TESTED/CLOSE@7406-GAINED/MOMENTUM.

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