Saturday, June 17, 2023

major grains-cadusd-trends-traded-targets-jun16/2023-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 (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/1.643MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: UP/BUYING-ABOVE TREND-MET RESISTANCE@6O6-GAINED/MOMENTUM.
TARGETS: 558(582-606)630.COMMERCIALS.LESS/LONG.NON COMM.NOW/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/UP VOLUME/UP
TRADED: UP/BUYING-ABOVE TREND-TESTED/CLOSE ABOVE 1339-GAINED/MOMENTUM
TARGETS:(1267(1303-1339)1375-COMMS.MORE/SHORT.NON COMMS.MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.194MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST.UP VOLUME/UP
TRADED: UP/BUYING-ABOVE TREND-MET RESISTANCE MID(709-735)-GAINED/MOMENTUM
TARGETS: 683(709-735)763-COMMERCIALS.LESS/LONG.NON COMMERCIALS.LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/UP.
TRADED: UP/NET BUYING-ABOVE TREND-MET RESISTANCE/CLOSE@7588-LOST/MOMENTUM.
TARGETS: 7501(7588-7675)7763-COMMERCIALS.LESS/LONG.NON COMMS.FLAT/SHORT.

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