Tuesday, July 18, 2023

major grains-cadusd-trends-traded-targets-jul17/2023-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/17.826MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/FLAT VOLUME/UP
TRADED: UP-ON TREND-CLOSE@RESISTANCE@535-GAINED/MOMENTUM.
TARGETS: 490(513-535)558-COMMERCIALS/NOWLONG NON COMMS LESS/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.06MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/FLAT VOLUME/UP
TRADED: UP-OVERBOUGHT TREND-TESTED/CLOSE-MID(1375-1412)-LOST/MOMENTUM
TARGETS: 1339(1375-1412)1449-COMMS MORE/SHORT NON COMMS FLAT/LONG.

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/0.278MMT.
TRENDS: PRICE/UP(MODERATE) OPEN INTEREST FLAT VOLUME/FLAT
TRADED: DOWN-ON TREND-TESTED/CLOSE ABOVE 682-LOST/MOMENTUM
TARGETS: 633(658-682)709-COMMERCIALS LESS/LONG NON COMMS LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/FLAT VOLUME/UP
TRADED: FLAT-ABOVE TREND-MET RESISTANCE@7588-GAINED/MOMENTUM.
TARGETS: 7415(7501-7588)7675-COMMERCIALS LESS/SHORT NON COMMS.LESS/LONG.

No comments:

Google+