Wednesday, June 14, 2023

major grains-cadusd-trends-traded-targets-jun15/2023-wed

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 (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/1.643MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: FLAT/OFFSET SELLING-ON TREND-RESISTANCE@558-LOST/MOMENTUM.
TARGETS: 535(535-558)582.COMMERCIALS.LESS/LONG.NON COMM.LESS/SHORT

SOYS (ZSX23NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/UPVOLUME/DOWN
TRADED: FLAT/OFFSET-ABOVE TREND-ABOVE RESISTANCE@1232-LOST/MOMENTUM
TARGETS:(1198(1232-1267)1303-COMMS.MORE/SHORT-NON COMMS.MORE/LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/.194MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST.DOWN VOLUME/UP
TRADED: UP/NTE BUYING-ON TREND-SUPPORT@628-GAINED/MOMENTUM
TARGETS: 603(628-653)678-COMMERCIALS.LESS/LONG-NON COMMERCIALS.LESS/SHORT

DOLLAR (D6M23)/JUN
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/UP
TRADED: UP/OFFSET SELLING-ABOVE TREND-7482 AS SUPPORT-LOST/MOMENTUM.
TARGETS: 7311(7482-7568)7655-COMMERCIALS-LESS/LONG.NON COMMS-MORE/SHORT.

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