Monday, June 05, 2023

major grains-cadusd-trends-traded-targets-jun08/2023-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 (ZWN23)JUL: WORLD ENDING STOCKS-23/24-UP/71.994MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN VOLUME/FLAT
TRADED: FLAT/NET BUYING.FROM/TREND.RESISTANCE@611.GAINED/MOMENTUM.
TARGETS: 563(587-611)634.COMMERCIALS.LESS/LONG.NON COMM.LESS/SHORT

SOYS (ZSN23)JUL: WORLD ENDING STOCKS-23/24-UP/21.46MMT 
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/DOWN VOLUME/UP
TRADED: FLAT/NET BUYING.FROM/TREND.RESISTANCE@MID(RANGE).LOST/MOMENTUM
TARGETS:(1312(1349-1386)1420-COMMS.FLAT/SHORT.NON COMMS.FLAT/LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/1.94MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST.DOWN VOLUME/UP
TRADED: DOWN/NET BUYING.ON/TREND.RESISTANCE@628.LOST/MOMENTUM
TARGETS: 578(603-628)653-COMMERCIALS.MORE/LONG.NON COMMERCIALS.MORE/SHORT

DOLLAR (D6M23)/JUN                   
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: FLAT-NET BUYING.ABOVE/TREND.RESISTANCE@7493.LOST/MOMENTUM.
TARGETS: 7311(7397-7482)7568-COMMERCIALS.LESS/LONG.NON COMMS.LESS/SHORT.
 

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