Thursday, June 15, 2023

major grains-cadusd-trends-traded-targets-june15/2023-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 (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/1.643MMT.
TRENDS: PRICE/UP(SHARP)-OPEN INTEREST/UP-VOLUME/UP
TRADED: UP/BUYING-ON TREND-RESISTANCE MID(558-582)-GAINED/MOMENTUM.
TARGETS: 535(558-582)606.COMMERCIALS-LESS/LONG.NON COMM-LESS/SHORT

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(STEEP)-OPEN INTEREST/UP-VOLUME/DOWN
TRADED: UP/BUYING-ON TREND-MID(1267-1303)@RESISTANCE-GAINED/MOMENTUM
TARGETS:(1232(1267-1303)1339-COMMS-MORE0/SHORT.NON COMMS-MORE/LONG.

WHEAT (ZWZ23)DEC(NEW): WORLD ENDING STOCKS-23/24-UP/0.194MMT.
TRENDS: PRICE/UP(STEEP)-OPEN INTEREST.SIDEWAYS-VOLUME/UP
TRADED: UP/BUYING-ABOVE TREND/RESISTANCE@683-GAINED/MOMENTUM
TARGETS: 657(683-709)735-COMMERCIALS-LESS/LONG.NON COMMERCIALS-LESS/SHORT

DOLLAR (D6U23)/SEP(NEW)
TRENDS: PRICE/UP(MODERATE)-OPEN INTEREST/UP VOLUME/SIDEWAYS
TRADED: UP/NET BUYING-ON TREND/RESISTANCE@7588-GAINED/MOMENTUM.
TARGETS: 7415(7501-7588)7675-COMMERCIALS-LESS/LONG.NON COMMS-MORE/SHORT.

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