Wednesday, May 24, 2023

major grains-cadusd-trends-traded-targets-may24/2023-wed.

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/UP
TRADE: MOVE UP/NET BUYING-ON/TREND-RESISTANCE/MID(599-574)-LOST/MOMENTUM.
TARGETS: 624(599-574)550-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: FLAT/NET SELLING-OFF/TREND-TESTED CLOSE/BELOW 1332-STEADY/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/DOWN VOLUME/FLAT.
TRADING: FLAT/NET SELLING-OFF 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/UP
TRADED: DOWN/SELLING-ON/CLOSE BELOW TREND-MID(7320-7406-GAINED/MOMENTUM.

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