Thursday, July 13, 2023

major grains-cadusd-trends-traded-targets-jul13/2023-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/17.526MMT.
TRENDS: PRICE/DOWN(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: FLAT/CLOSE UP-AWAY FROM TREND-MET SUPPORT@490-LOST/MOMENTUM.
TARGETS: 536(513-490)468 COMMERCIALS LESS/SHORT NON COMMS LESS/LONG.

SOYS (ZSX23NOV: WORLD ENDING STOCKS-23/24-UP/18.000MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: FLAT/CLOSE UP ABOVE SUPPORT@TREND/1339-LOST/MOMENTUM
TARGETS:(1303(1339-1375)1412-COMMS LESS/SHORT NON COMMS LESS/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/.278MMT
TRENDS: PRICE/DOWN(STEEP) OPEN INTEREST/FLAT VOLUME/DOWN
TRADED: DOWN/CLOSE UP-OFF TREND-RESISTANCE@LOWS/664-LOST/MOMENTUM
TARGETS: 690(664-638)613-COMMERCIALS LESS/LONG NON COMMS LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: MOVE UP-ABOVE TREND-RESISTANCE MID(7588-7675)-LOST/MOMENTUM.
TARGETS: 7501(7588-7675)7763-COMMERCIALS LESS/LONG. NON COMMS FLAT/SHORT.

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