Tuesday, June 20, 2023

major grains-cadusd-trends-traded-targets-jun20/2023-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 (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-UP/1.643MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UP/OFFSET-ABOVE TREND-TESTED/ RESISTANCE@606-STEADY/MOMENTUM.
TARGETS: 558(582-606)630.COMMERCIALS.LESS/LONG.NON COMMS.NOW/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/21.46MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UP/OFFSET-ABOVE TREND-BELOW RESISTANCE@1369-.LOST/MOMENTUM
TARGETS:(1295(1332-1369)1407-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/DOWN
TRADED: UP/NET BUYING-ON TREND-RESISTANCE MID(709-735)-GAINED/MOMENTUM
TARGETS: 683(709-735)762-COMMERCIALS.LESSLONG.NON COMMERCIALS.LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/UP.
TRADED: FLAT/NET SELLING-ON TREND--MET RESISTANCE@7588-GAINED/MOMENTUM.
TARGETS: 7415(7501-7588)7675-COMMERCIALS.LESS/LONG.NON COMMS.LESS/SHORT.

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