Wednesday, June 21, 2023

major grains-cadusd-trends-traded-targets-jun21/2023-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 (ZWNZ23)DEC: WORLD ENDING STOCKS-23/24-UP/1.643MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: UP/BUYING-TREND AS SUPPORT-630 AS RESISTANCE-GAINED/MOMENTUM.
TARGETS: 582(606-630)655.COMMERCIALS.LESS/LONG.NON COMM.S-NOW LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/UP VOLUME/EVEN
TRADED: UP/BUYING-CLOSE ABOVE TREND/1369 AS RESISTANCE-LOST/MOMENTUM
TARGETS: 1303(1339-1375)1412-COMMS.MORE/SHORT.NON COMMS.MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.194MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/EVEN VOLUME/UP
TRADED: UP/BUYING-ON TREND-MET RESISTANCE/CLOSE@762-GAINED//MOMENTUM
TARGETS: 702(735-762)790-COMMERCIALS.LESS/LONG.NON COMMERCIALS.LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/DOWN
TRADED: -UP/.OFFSET SELLING-ON TREND-7588 AS RESISTANCE-STEADY/MOMENTUM.
TARGETS: 7415(7501-7588)7675-COMMERCIALS.LESS/LONG.NON COMMS.LESS/SHORT.

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