Thursday, May 04, 2023

major grains-cadusd-trends-traded-targets-may04/2023-thur.

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 (ZCN23/JUL: WORLD ENDING STOCKS-22/23-DOWN 11.06MMT .
TRENDS: price-down open interest-down volume-down
TRADED: FLAT/BUYING-ABOVE TREND-@RESISTANCE MID(599-575)-LOST MOMENTUM
.
TARGETS: 624(599-575)551-COMMERCIALS LESS SHORT-NON COMMERCIALS LESS LONG

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE-UP(SHARP) OPEN INTEREST-DOWN VOLUME-DOWN
TRADED: UP/BUYING-ON TREND-RESISTANCE@/CLOSE BELOW 1420-LOST MOMENTUM.
TARGETS:(1349(1386-1420)1458-COMMERCIALS LESS SHORT-NON COMMS LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-22/23-DOWN 2.04MMT.
TRENDS: PRICE-UP(STEEP) OPEN INTEREST-DOWN VOLUME-DOWN (1363.4-386.4).  
traded: up/net buying-above trend-downside resistance@653-lost momentum.    
TARGETS: 604(628-653)679-COMMERCIALS MORE LONG-NON COMMERCIALS MORE SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE DOWN(LOWER HIGH) OPEN INTEREST-DOWN VOLUME-UP
TRADED: UP/BUYING-ON/CLOSE ABOVE TREND-DOWNSIDE RESISTANCE@7406-GAINED MOMENTUM.
TARGETS: 7493(7406-7320)7149`-COMMERCIALS-LESS LONG  NON COMMERCIALS-LESS SHORT.

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