Wednesday, July 19, 2023

major grains-cadusd-trends-traded-targets-jul19/2023-wed

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/UP(STEEP) OPEN INTEREST/UP VOLUME/UP
TRADED: UP/ON TREND-CLOSE UP-BELOW RESISTANCE@558-LOST/MOMENTUM.
TARGETS: 513(535-558)582 COMMERCIALS MORE/LONG NON COMMS LESS/LONG.

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.060MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/FLAT
TRADED: UP/ABOVE TREND-CLOSE UP-BELOW RESISTANCE@1412-GAINED/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(SHARP)REVISED UP OPEN INTEREST/UP VOLUME/UP
TRADED: UP/ON TREND-CLOSE UP-RESISTANCE@MID(735-762)-GAINED/MOMENTUM.
TARGETS: 709(735-762)790 COMMERCIALS LESS/LONG NON COMMS LESS/SHORT.

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

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