Tuesday, July 11, 2023

major grains-cadusd-trends-traded-targets-jul10/2023-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/DOWN(STEEP) OPEN INTEREST/DOWN VOLUME/DOWN.
TRADED: FLAT-CLOSE UP-OVERBOUGHT TREND-MID(513-490)-LOST/MOMENTUM.
TARGETS: 536(513-490)468.COMMERCIALS LESS/SHORT-NON COMMS LESS/LONG.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/2.146MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/FLAT VOLUME/UP
TRADED: UP/CLOSE UP-OVERBOUGHT TREND/1339-GAINED/MOMENTUM
TARGETS:(1303(1339-1375)1412-COMMS LESS/SHORT-NON COMMS LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.194MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: DOWN/CLOSE DOWN-RESISTANCE@TREND/MID(658-683)-STEADY/MOMENTUM
TARGETS: 633(658-683)709-COMMERCIALS LESS/LONG NON COMMERCIALS LESS/SHORT

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

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