Saturday, May 06, 2023

major grains-cadusd-trends-traded-targets-may05/2023-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 (ZCN23/JUL: WORLD ENDING STOCKS-22/23-DOWN 11.06MMT .
TRENDS: price: up(new) open interest-down volume-down
TRADED: UP-ON SUPPORT@TREND-MET RESISTANCE MID(587-611)-LOST MOMENTUM
.
TARGETS: 563(587-611)634-COMMERCIALS NOW LONG-NON COMMERCIALS NOW SHORT

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-22/23-UP 0.56MMT 
TRENDS: PRICE-UP(SHARP) OPEN INTEREST-FLAT VOLUME-UP
TRADED: UP-TESTED TREND-MET RESISTANCE MID(1420-1458)-GAINED MOMENTUM.
TARGETS:(1386(1420-1458)1496-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-FLAT.

TRADING: UP/ON TREND-TESTED/CLOSE UP ABOVE 653-LOST MOMENTUM

TARGETS: 628(653-679)705-COMMERCIALS MORE LONG-NON COMMERCIALS MORE SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE: UP(BREAKOUT UP)) OPEN INTEREST-DOWN VOLUME-UP
TRADED: UP/ABOVE TREND-MET RESISTANCE/CLOSE@7482-GAINED MOMENTUM.
TARGETS: 7311(7397-7482)7568`-COMMERCIALS-MORE LONG  NON COMMERCIALS-MORE SHORT.

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