Thursday, July 20, 2023

major grains-cadusd-trends-traded-targets-jul20/2023-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/17.82MMT.
TRENDS: PRICE/UP(STEEP) OPEN INTEREST/FLAT VOLUME/DOWN
TRADED: FLAT-ON/TREND-CLOSE DOWN-RESISTANCE@558-LOST/MOMENTUM.
TARGETS: 513(535-558)582 COMMERCIALS NOW/LONG NON COMMS LESS/LONG

SOYS (ZSX23)NOV: WORLD ENDING STOCKS-23/24-UP/18.08MMT
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/DOWN VOLUME/DOWN
TRADED: FLAT-ABOVE TREND-CLOSE LOWER-RESISTANCE@1412-LOST/MOMENTUM
TARGETS: 1339(1375-1412)1449 COMMS MORE/SHORT NON COMMS FLAT/LONG.

WHEAT (ZWN23)JUL: WORLD ENDING STOCKS-23/24-DOWN/2.78MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/UP
TRADED: UP/ON TREND-TESTED/762-CLOSE LOWER/MID(735-762)-LOST/MOMENTUM
TARGETS: 709(735-762)790 COMMERCIALS LESS/LONG NON COMMERCIALS LESS/SHORT

DOLLAR (D6U23)/SEP
TRENDS: PRICE/UP(GRADUAL) OPEN INTEREST/UP VOLUME/DOWN
TRADED: MOVE UP-ABOVE TREND-CLOSE LOWER-SUPPORT@7588-GAINED/MOMENTUM.
TARGETS: 77501(7588-7675)7763 COMMERCIALS LESS/SHORT NON COMMS LESS/LONG.

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