Saturday, May 27, 2023

major grains-cadusd-trends-traded-targets-may26/2023.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/UP(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: UP/NET SELLING-UPSIDE/TREND-611/RESISTANCE-LOST/MOMENTUM.
TARGETS: 563(587-611)634-COMMERCIALS/LESS LONG-NON COMM/LESS SHORT

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-23/24-UP/21.46MMT 
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: UP/OFFSET SELLING-ON/TREND-1349/SUPPORT-LOST/MOMENTUM
TARGETS:(1276(1312-1349)1386-COMMS FLAT/SHORT-NON COMMS FLAT/LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/1.94MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/FLAT.
TRADED: UP/NET BUYING-ON/TREND-628/RESISTANCE-LOST/MOMENTUM
TARGETS: 665(639-614)589-COMMERCIALS/MORE LONG-NON COMMERCIALS/MORE SHORT

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

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