Wednesday, July 12, 2023

major grains-cadusd-trends-traded-targets-jul12/2023-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/17.820MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/DOWN VOLUME/FLAT
TRADED: NEW LOW-UPSIDE TREND-SUPPORT/MID(490-468)-GAINED/MOMENTUM.
TARGETS: 513(490-468)446.COMMERCIALS LESS/SHORT NON COMMS LESS/LONG.

SOYS (ZSNX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.000MMT
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: TOP REVERSAL-ON TREND-SUPPORT MID(1352-1315)-GAINED/MOMENTUM
TARGETS:1390(1352-1315)1279-COMMS LESS/SHORT NON COMMS LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.278MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST.DOWN VOLUME/DOWN
TRADED: TOP REVERSAL-UPSIDE TREND-SUPPORT-MID(664-638)-GAINED/MOMENTUM
TARGETS: 690(664-638)613-COMMERCIALS LESS/LONG NON COMMERCIALS LESS/SHORT

DOLLAR (D6X23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/UP
TRADED: MOVE UP-ABOVE TREND-TESTED/CLOSE UP@7588-GAINED/MOMENTUM.
TARGETS: 7415(7501-7588)7675-COMMERCIALS LESS/LONG NON COMMS LESS/SHORT.

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