Tuesday, June 13, 2023

major grains-cadusd-trends-traded-targets-jun13/2023-tues

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 (ZCZ23)DEC: WORLD ENDING STOCKS-23/24-UP/71.994MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/FLAT
TRADED: UP/OFFSET BUYING.TREND/SUPPORT.558/RESISTANCE.GAINED/MOMENTUM.
TARGETS: 513(535-558)582.COMMERCIALS.LESS/LONG.NON COMM.LESS/SHORT

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/21.46MMT
TRENDS: PRICE/UP(SHARP).OPEN INTEREST/UP.VOLUME/UP
TRADED: UP/NET BUYING.ABOVE TREND.MID(1232-1267)/RESISTANCE.GAINED/MOMENTUM
TARGETS: 1198(1232-1267)1303 -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/UP
TRADED: UP/OFFSET BUYING.TREND+628/SUPPORT-653/RESISTANCE.GAINED/MOMENTUM
TARGETS: 603(628-653)678-COMMERCIALS.MORE/LONG.NON COMMERCIALS.MORE/SHORT

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

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