Friday, June 23, 2023

major grains-cadusd-trends-traded-targets-jun23/2023-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(MODERATE) OPEN INTEREST/UNCHANGED VOLUME/UP
TRADED: DOWN/NET SELLING-ABOVE NEW TREND-SUPPORT@582-GAINED/MOMENTUM.
TARGETS: 558(582-606)630 (COMMERCIALS-LESS/LONG) (NON COMMS-LESS/SHORT)

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: DOWN-NET SELLING-RESISTANCE@TREND-SUPPORT@1303-GAINED/MOMENTUM
TARGETS:(1267(1303-1375)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/UNCHANGED VOLUME/UP
TRADED: DOWN/NET SELLING-ON TREND-TESTED RESISTANCE@762-LOST/MOMENTUM
TARGETS: 709(735-762)790-(COMMERCIALS.LESS/LONG)-(NON COMMERCIALS.LESS/SHORT)

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/UNCHANGED
TRADED: DOWN/NET SELLING-ON NEW TREND/SUPPORT@7588-GAINEDMOMENTUM.
TARGETS: 7501(7588-7675)7763-(COMMERCIALS.LESS/LONG).(NON COMMS.LESS/SHORT)

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