Thursday, June 29, 2023

major grains-cadusd-trends-traded-targets-jun29/2023-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/DOWN(STEEP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN/CLOSE DOWN-ON TREND-BELOW SUPPORT@536-LOST/MOMENTUM.
TARGETS: 560(536-513)490.(COMMERCIALS-NOW SHORT) (NON COMMS-MORE LONG)

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/UP VOLUME/FLAT
TRADED: FLAT/CLOSE FLAT-ON TREND-DOWNSIDE 1267-LOST/MOMENTUM
TARGETS:1198(1232-1267)1303) 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: DOWN/CLOSE NEAR OFFSET-SUPPORT@TREND/683-LOST/MOMENTUM
TARGETS: 651(683-709)735-COMMERCIALS-LESS/LONG) (NON COMMERCIALS-LESS/SHORT)

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/FLAT
TRADED: DOWN/CLOSE FLAT-ABOVE TREND-@SUPPORT MID(7501-7588)-LOST/MOMENTUM.
TARGETS: 7415(7501-7588)7675-(COMMERCIALS-LESS/LONG) (NON COMMS-LESS/SHORT)

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