Thursday, June 22, 2023

major grains-cadusd-trends-traded-targets-jun22/2023-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/DOWN
TRADED: SIDEWAYS/NET BUYING-ON TREND-MID(606-630)-LOST/MOMENTUM.
TARGETS: 582(606-630)655-(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/UP
TRADED: DOWN/NET SELLING-ON  TREND-MET RESISTANCE@1375-GAINED/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/UP VOLUME/UP
TRADED: UP/NET BUYING-ON TREND-MET RESISTANCE MID((762-790)-GAINED/MOMENTUM
TARGETS: 735(762-790)818-(COMMERCIALS-LESS/LONG)-(NON COMMERCIALS-LESS/SHORT)

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/DOWN
TRADED: UP/BUYING-ABOVE TREND-ON SUPPORT@7588-LOST/MOMENTUM.
TARGETS: 7301(7588-7675)7763-(COMMERCIALS-LESS/LONG).(NON COMMS-FLAT/SHORT.)

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