Friday, May 12, 2023

major grains-cadusd-trends-traded-targets-may12/2023-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 OPEN INTEREST-FLAT VOLUME-UP
TRADED: MOVE FLAT/NET BUYING-ON/CLOSE UP@TREND-ABOVE 580-GAINED/MOMENTUM.
TARGETS: 556(580-605)634-COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-23/24-UP/21.46MMT 
TRENDS: PRICE-DOWN(SHARP) OPEN INTEREST-FLAT VOLUME-UP
TRADED: UP/NET SELLING-ON TREND/SUPPORT@1386-STEADY/MOMENTUM.
TARGETS:(1349(1386-1420)1458-COMMERCIALS LESS SHORT-NON COMMS LESS LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/1.94MMT.
TRENDS: PRICE-UP OPEN INTEREST-UP VOLUME-UP.
TRADING: UP/NET BUYING-ON/CLOSE BELOW TREND-SUPPORT@628-GAINED/MOMENTUM
TARGETS: 603(628-653)679-COMMERCIALS LESS LONG-NON COMMERCIALS LESS SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE: UP(GRADUAL) OPEN INTEREST-UP VOLUME-UP
TRADED: DOWN/SELLING-UPSIDE TREND-TESTED/CLOSE BELOW 7397-LOST/MOMENTUM.
TARGETS: 7226(7311-7397)7482`-COMMERCIALS-LESS LONG  NON COMMERCIALS-LESS SHORT.

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