Monday, July 03, 2023

major grains-cadusd-trends-traded-targets-july03/2023-mon.

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: DOWN/MORE STEEP BESIDE TREND-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(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: UP/STEEP-ABOVE TREND-LOW/CLOSE ABOVE 1339-LOST/MOMENTUM
TARGETS: 1303(1339-1375)1412-COMMS-MORE SHORT.NON COMMS.MORE/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/1.94MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST.FLAT VOLUME/DOWN
TRADED: DOWN/CLOSE DOWN-UPSIDE TREND-MET SUPPORT@657LOST/MOMENTUM
TARGETS: 632(657-683)709-COMMERCIALS-LESS/LONG.NON COMMERCIALS-LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN/NET SELLING-UPSIDE TREND-MET SUPPORT@7501-GAINED/MOMENTUM.
TARGETS: 7415(7501-758807675-COMMERCIALS-NOW SHORT.NON COMMS.LESS/SHORT.

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