Friday, July 21, 2023

major grains-cadusd-trends-traded-targets-jul;21/2023-fri.

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(SHARP)/LESS OPEN INTEREST/UP VOLUME/DOWN
TRADED: DOWN/ABOVE TREND-TESTED SUPPORT/CLOSE@535-STEADY/MOMENTUM.
TARGETS: 513(535-558)582 COMMERCIALS LESS/LONG NON COMMS/MORE LONG

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

WHEAT (ZWZ23)DEC: WORLD ENDING STOCKS-23/24-DOWN/2.78MMT.
TRENDS: PRICE/UP(SHARP) OPEN INTEREST/UP VOLUME/DOWN
TRADED: DOWN-ON/DOWNSIDE TREND-SELLING TO SUPPORT@709-STEADY/MOMENTUM
TARGETS: 682(709-735)762-COMMERCIALS/LESS LONG NON COMMERCIALS LESS/SHORT

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

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