Friday, June 30, 2023

major grains-cadusd-trends-traded-targets-jun30/2023-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/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: DOWN/SELLING-BELOW TREND-MET SUPPORT@490-GAINED/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS.MORE/SHORT NON COMM.LESS/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/UP
TRADED: UP/BUYING-SUPPORT@TREND/1267-CLOSE ABOVE 1339-GAINED/MOMENTUM
TARGETS: 1232(1267-1339)1375-COMMERCIALS-MORE SHORT NON COMMS.MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.194MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST.FLAT VOLUME/DOWN
TRADED: DOWN/NET SELLING-ON TREND-SUPPORT MID(657-683)-GAINED/MOMENTUM
TARGETS: 632(657-683)709-COMMERCIALS.LESS/LONG.NON COMMERCIALS.LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/UP 
TRADED: UP/NET BUYING-ABOVE TREND-MET RESISTANCE@7588-GAINED/MOMENTUM.
TARGETS: 7415(7511-7588)7675-COMMERCIALS.NOW SHORT NON COMMS.LESS/SHORT.

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